1 00:00:00,240 --> 00:00:02,720 Yo-yo, yo, what up? What up? 2 00:00:02,720 --> 00:00:08,160 Good morning, good morning. GMT Monday. 3 00:00:08,160 --> 00:00:13,680 Oh baby, I was going to say bloody Monday, but not this 4 00:00:13,680 --> 00:00:15,280 Monday. This is bloody all weekend 5 00:00:15,280 --> 00:00:18,480 already. February 3rd new month. 6 00:00:19,280 --> 00:00:20,960 Mute this best. Let me with this best. 7 00:00:21,800 --> 00:00:26,040 Oops Monday, February 3rd, 2025. Look at that. 8 00:00:26,120 --> 00:00:28,960 Another beautiful day to have a beautiful day. 9 00:00:29,280 --> 00:00:33,120 I got my clothes to the house. Tyler Mando, glad to see you 10 00:00:33,120 --> 00:00:34,920 both still alive. How are you doing today? 11 00:00:36,160 --> 00:00:43,240 Brother surviving, surviving. Yeah, I was not expecting the 12 00:00:43,240 --> 00:00:46,320 group chat to be that busy at 3:00 AM on a Sunday night, but 13 00:00:46,760 --> 00:00:49,200 but it was. Hey, you were sleeping dude. 14 00:00:50,240 --> 00:00:52,360 It was like, because it's like really Easter. 15 00:00:52,360 --> 00:00:55,280 I honestly like all the crypto now is like estate at this 16 00:00:55,280 --> 00:00:57,600 stage, like 100% of all the market. 17 00:00:58,040 --> 00:01:00,080 It is. I've I saw so many sell offs. 18 00:01:00,440 --> 00:01:04,040 I mean, I have seen so many terrorist attacks on the order 19 00:01:04,040 --> 00:01:06,280 books this weekend. I am numb to it now. 20 00:01:08,040 --> 00:01:12,640 It was just boom, OK, recovery, bounce, bang, recovery, bounce, 21 00:01:12,640 --> 00:01:15,440 boom Saturday night, by the way, Oh, you want to have a good 22 00:01:15,440 --> 00:01:16,800 time? 11:30 PM. 23 00:01:18,440 --> 00:01:22,480 You know Bitcoin drops like 5K, you know and then you you wake 24 00:01:22,480 --> 00:01:26,760 up little bounce on Sunday morning Nope Nope by the time my 25 00:01:26,760 --> 00:01:30,400 coffee's done boom, another nuke has hit the order books It was 26 00:01:30,400 --> 00:01:36,640 it was it was crazy Oh my God. It was a little fun just because 27 00:01:36,640 --> 00:01:39,520 I traded. It was very small size up and 28 00:01:39,520 --> 00:01:41,360 down, but. It was OK. 29 00:01:42,280 --> 00:01:44,120 Basically it's fine you're. Saying this. 30 00:01:44,560 --> 00:01:48,400 Was the JLP holder. Yeah, that that was fine though. 31 00:01:48,400 --> 00:01:51,440 I mean Jappy is down too, but at least it's not down like my 32 00:01:51,440 --> 00:01:54,120 Solana fart and all this other shit. 33 00:01:54,120 --> 00:01:56,480 But but besides that, it was eventful. 34 00:01:56,480 --> 00:01:57,720 Tyler, how you doing this weekend? 35 00:01:57,720 --> 00:01:59,840 You are live. I'm good. 36 00:01:59,840 --> 00:02:05,240 We had capitulation Saturday followed by Black Sunday. 37 00:02:06,040 --> 00:02:09,360 At. Least Monday so far is not is 38 00:02:09,360 --> 00:02:11,560 not terrible, but yeah, we're we're here. 39 00:02:12,200 --> 00:02:13,960 Well, we're here. It's all matters. 40 00:02:13,960 --> 00:02:17,080 We're we're we're we're we're, we're there, whatever meme it is 41 00:02:17,080 --> 00:02:18,800 hanging on a thread. Anyways, we'll talk about this 42 00:02:18,800 --> 00:02:19,760 that we started a little earlier. 43 00:02:19,760 --> 00:02:22,160 Let's get into the markets. Let's get into Tyler's top 1000 44 00:02:22,520 --> 00:02:25,960 and topics of the day. And then, oh, no, giveaways are 45 00:02:26,080 --> 00:02:28,120 tomorrow. So Thursday, Tuesday to 46 00:02:28,160 --> 00:02:30,760 Thursday, Friday, we'll do give a raise a give a raise 47 00:02:31,320 --> 00:02:33,960 giveaways. And then last but not least, 48 00:02:33,960 --> 00:02:35,600 this show is powered by galaxies. 49 00:02:35,600 --> 00:02:37,800 Galaxies, the Web 3 platform empowering creators and brands 50 00:02:37,800 --> 00:02:39,880 to build unstoppable communities with full ownership and 51 00:02:39,880 --> 00:02:42,960 independence, trusted by icons like Donald Trump, Steve Aoki, 52 00:02:42,960 --> 00:02:46,080 Mike Tyson and the NBA shaping together future of engagement. 53 00:02:46,080 --> 00:02:48,040 By the way, there was some there was also some fuck we going on 54 00:02:48,040 --> 00:02:51,160 the NBA this weekend. I, I, I had to have people 55 00:02:51,160 --> 00:02:53,520 explain to me this big trade in meme coin terms. 56 00:02:53,840 --> 00:02:55,920 It's crazy. It's as if they basically sold 57 00:02:55,920 --> 00:02:59,200 their Bitcoin for Ethereum. Apparently on the on the 58 00:02:59,200 --> 00:03:01,120 maverick side. Tyler, is that accurate? 59 00:03:03,160 --> 00:03:06,320 Yeah, it was one of the wildest trades that I think we've we've 60 00:03:06,320 --> 00:03:08,800 ever seen. I don't watch NBA but I know 61 00:03:08,800 --> 00:03:10,600 Luka Doncic is and I know he's like the GOAT. 62 00:03:10,600 --> 00:03:12,280 So it's like I was like, well, like this. 63 00:03:12,280 --> 00:03:14,120 Is this like selling prime Messi? 64 00:03:14,560 --> 00:03:16,080 In football, didn't really get much back. 65 00:03:16,080 --> 00:03:19,280 I mean, Anthony Davis is good, but he's just getting. 66 00:03:19,560 --> 00:03:21,520 Old and. They didn't really get it. 67 00:03:22,640 --> 00:03:24,960 There's a lot of conspiracies that like the owners are trying 68 00:03:24,960 --> 00:03:27,640 to take the team. There's a part of like a casino 69 00:03:27,640 --> 00:03:31,720 deal that's all part of this, like something else at play here 70 00:03:31,720 --> 00:03:34,000 because like the the trade just doesn't make sense. 71 00:03:34,000 --> 00:03:36,720 Mark Cuban's been pretty wrong lately, but one thing he's done 72 00:03:36,720 --> 00:03:38,800 right, he's he's sold the top of the NBA. 73 00:03:39,160 --> 00:03:42,040 That for sure. That is for sure, for sure. 74 00:03:42,040 --> 00:03:45,640 He definitely sold the top there and he's probably laughing all 75 00:03:45,640 --> 00:03:47,640 the way to the bank. And also this was part by fair 76 00:03:47,640 --> 00:03:49,000 side. Every day we see people as well 77 00:03:49,000 --> 00:03:50,960 as get drained. Fair side is about to launch the 78 00:03:50,960 --> 00:03:53,400 fair alternative to insurance for crypto scams. 79 00:03:53,400 --> 00:03:55,440 Shake out fair side network on X. 80 00:03:55,640 --> 00:03:57,480 If you get drained, you won't get recommended. 81 00:03:57,640 --> 00:03:59,960 You wanted to start the show early because I assume you have 82 00:03:59,960 --> 00:04:03,760 a lot to share and you're ready to get back to war. 83 00:04:03,760 --> 00:04:15,960 So let's hit it. Can you dig it? 84 00:04:17,200 --> 00:04:21,760 Yeah, GM, everyone. So one of the worst days ever in 85 00:04:21,760 --> 00:04:26,040 crypto, I would say in terms of liquidation terms, $2.3 billion 86 00:04:26,040 --> 00:04:29,920 was liquidated. The CEO of BIBET actually 87 00:04:30,760 --> 00:04:33,840 tweeted out just in the last few hours that he thinks the number 88 00:04:33,840 --> 00:04:36,360 is closest to 8 to 10 billion because their figures are off 89 00:04:37,120 --> 00:04:39,400 and there was a rate limit on how many liquidations they could 90 00:04:39,400 --> 00:04:44,880 show. So pretty wild I would say it 91 00:04:44,880 --> 00:04:48,320 wasn't just lever traders that got wiped out this time, this 92 00:04:48,320 --> 00:04:50,400 was everything. Yeah, so. 93 00:04:51,800 --> 00:04:54,840 Look, my personal view is you have to see this in the lens of 94 00:04:56,720 --> 00:04:59,400 the Trump and Melania coin weekend. 95 00:04:59,640 --> 00:05:00,960 And then you kind of go from there. 96 00:05:02,160 --> 00:05:06,160 Stocks are down 1 1/2 percent. OK, We can get very macro on 97 00:05:06,160 --> 00:05:09,720 what's going on here. But like this is not that big. 98 00:05:10,080 --> 00:05:12,920 I mean, stocks have been down plenty of 1 1/2 percent. 99 00:05:12,920 --> 00:05:18,040 So you don't see you don't see a 25% drop in Ethereum in an hour. 100 00:05:18,280 --> 00:05:23,640 On the back of that, what I think we saw here was just a 101 00:05:23,640 --> 00:05:28,360 continuation of of firstly, people expecting a huge amount 102 00:05:28,360 --> 00:05:31,560 of token supply coming after Trump and Melania, or at least 103 00:05:32,120 --> 00:05:34,040 it was very difficult to own anything in that world. 104 00:05:34,040 --> 00:05:36,200 And that draft also sucked up a lot of liquidity. 105 00:05:36,880 --> 00:05:39,440 And the second thing is, is probably a lot of leverage going 106 00:05:39,440 --> 00:05:43,640 to that inauguration and not just leverage in, in majors. 107 00:05:43,960 --> 00:05:46,360 Like it's very clear that finance and, and some of the 108 00:05:46,360 --> 00:05:49,360 major exchanges have had a have had a policy of listing all 109 00:05:49,360 --> 00:05:51,680 these coins between newer coins for perps. 110 00:05:52,160 --> 00:05:58,560 And you know, you had the most diabolical looking perp candles 111 00:05:58,640 --> 00:06:01,400 on some of these on some of these coins over the last few, 112 00:06:01,880 --> 00:06:05,560 over the last two weeks. So I view it in that lens macro 113 00:06:05,560 --> 00:06:10,160 to me, like Trump, Trump at the moment is, is threatening to put 114 00:06:10,160 --> 00:06:12,840 up 25% tariffs to Canada and Mexico. 115 00:06:14,360 --> 00:06:17,080 But I think he's just doing that as a bargaining chip to, to get 116 00:06:17,080 --> 00:06:19,080 a deal done. Or if he was to do it, he'd 117 00:06:19,080 --> 00:06:21,760 probably, I think he might do like gradually increasing 118 00:06:21,760 --> 00:06:26,920 tariffs until a deal is made. I, I think he's going to have 119 00:06:26,920 --> 00:06:29,760 this policy with pretty much every single major trading 120 00:06:29,760 --> 00:06:33,520 partner of, of the USI don't think that's surprising. 121 00:06:33,800 --> 00:06:37,560 I think he's obviously, he's obviously doing a bit of 122 00:06:37,560 --> 00:06:41,080 brinkmanship, which I think is very, very smart in a 123 00:06:41,080 --> 00:06:43,360 negotiation. And even if they, you know, you 124 00:06:43,360 --> 00:06:45,760 did maybe remember you'd have, you'd have China tariffs for a 125 00:06:45,760 --> 00:06:49,720 while in his first presidency. Maybe they do do tariffs for 126 00:06:49,720 --> 00:06:53,640 like a, a month or so or like the until like a deal is a deal 127 00:06:53,640 --> 00:06:55,400 is arranged. It's very, very clear that he is 128 00:06:55,400 --> 00:06:57,720 prepared to go to that level, wants to appear that he's 129 00:06:57,720 --> 00:07:00,000 prepared to go to that level with all the major trading 130 00:07:00,000 --> 00:07:02,040 partners. If you don't know anything about 131 00:07:02,040 --> 00:07:05,040 Trump's policy, this has been a complete cornerstone of Trump's 132 00:07:05,040 --> 00:07:07,000 policy. The fact that he would say he 133 00:07:07,000 --> 00:07:09,800 would basically reduce taxes and increase tariffs. 134 00:07:09,920 --> 00:07:14,400 So reducing corporate tax rate, reducing potentially income tax 135 00:07:14,400 --> 00:07:19,320 rates, federal taxes. And to make up for that, we're 136 00:07:19,320 --> 00:07:23,440 talking about a increase in tariffs and also potentially, 137 00:07:23,520 --> 00:07:25,840 you know, obviously, bring in Elon with the doge. 138 00:07:26,640 --> 00:07:28,400 So. This has not been surprising in 139 00:07:28,400 --> 00:07:32,640 terms of policy there, but I think it's very, very important 140 00:07:32,640 --> 00:07:39,760 to understand that most people in macro have no concept that 141 00:07:39,760 --> 00:07:44,600 your altcoins are down 8090%. Like this is not that like it's 142 00:07:44,600 --> 00:07:47,680 OK, it's down a little bit. I'm not saying it's not it's not 143 00:07:48,120 --> 00:07:51,760 the best week we've ever seen in stocks, but stocks are down 144 00:07:51,760 --> 00:07:55,680 about 5% from an all time high less. 145 00:07:56,000 --> 00:07:57,080 Yeah. I mean, I was just looking at 146 00:07:57,080 --> 00:07:59,320 NASDAQ and SPX and it's honestly not bad, not that. 147 00:07:59,320 --> 00:08:05,760 Bad and. This is an SPX here. 148 00:08:05,760 --> 00:08:08,560 It's like really not insane you've seen. 149 00:08:08,960 --> 00:08:12,160 The, the only like big macro worry I would say here is that a 150 00:08:12,160 --> 00:08:15,480 lot of currencies are falling pretty aggressively versus the 151 00:08:15,480 --> 00:08:17,440 dollar right now. And like that can sometimes lead 152 00:08:17,440 --> 00:08:24,520 to like sovereign crisis fears. So you've, I mean, these are not 153 00:08:24,520 --> 00:08:26,960 countries that I would normally assume would go through a 154 00:08:26,960 --> 00:08:31,280 sovereign crisis, but Canada's, Canada's fell, Koreans fell, 155 00:08:32,360 --> 00:08:34,880 obviously China and Japan's has been falling versus the dollar. 156 00:08:34,880 --> 00:08:37,919 So, but that, that also is what happened during the first 157 00:08:37,919 --> 00:08:40,120 presidency. So like, remember Trump putting 158 00:08:40,120 --> 00:08:43,840 all these tariffs versus China, but actually the cost of of 159 00:08:44,000 --> 00:08:44,840 goods? To the wow. 160 00:08:45,560 --> 00:08:53,040 Was kind of unchanged because because the because the Chinese 161 00:08:55,080 --> 00:08:59,560 yuan weakened by more than 10%. So like sometimes this, this 162 00:08:59,560 --> 00:09:02,840 weakness in currency impact means that inflation is, is way 163 00:09:02,840 --> 00:09:08,440 less felt in the US. But yeah, I, I really think it's 164 00:09:08,440 --> 00:09:10,840 more of everyone will tell you this is a macro thing. 165 00:09:10,840 --> 00:09:11,880 I don't think this is a macro thing. 166 00:09:11,960 --> 00:09:14,040 I don't think this is that bad like macro is telling you. 167 00:09:14,040 --> 00:09:19,720 It's, it's, it's manageable. It's not a 70% 80% drop in 168 00:09:19,720 --> 00:09:21,440 altcoins. It's not ETH. 169 00:09:21,960 --> 00:09:26,760 Like literally smashed all the way back down to pre trump 170 00:09:26,760 --> 00:09:29,600 levels. To the theorem was nuts 171 00:09:29,600 --> 00:09:32,400 yesterday that liquidation or whatever sell off that was that 172 00:09:32,400 --> 00:09:34,120 big wallet that's sold bunch but. 173 00:09:34,600 --> 00:09:36,840 What this tells you is. It was leverage. 174 00:09:37,760 --> 00:09:42,360 And it was and it was a continuation of the of the fears 175 00:09:42,360 --> 00:09:45,240 that we had, which had been going on for the last two weeks 176 00:09:45,480 --> 00:09:47,840 that every piece of bad news was being met with, right. 177 00:09:47,840 --> 00:09:50,880 We need the seller on chain coins into liquidity pools of 178 00:09:50,880 --> 00:09:53,200 1%. So I think it is a lot of people 179 00:09:53,200 --> 00:09:55,600 just rushing for the exits at the same time, rather than 180 00:09:55,600 --> 00:09:57,880 anything like, yeah, like Trump could go on. 181 00:09:58,000 --> 00:10:00,040 Could Trump could go on a trade war here for a while. 182 00:10:00,240 --> 00:10:02,560 And I think macro would have a little bit of a wobble, but it 183 00:10:02,560 --> 00:10:04,680 wouldn't make it still wouldn't accept this. 184 00:10:04,960 --> 00:10:11,320 So I would still be wary of of assuming that like, this is this 185 00:10:11,320 --> 00:10:14,400 is that horrific? That's insane though. 186 00:10:14,400 --> 00:10:16,640 ETH went all the way down to $2100. 187 00:10:16,640 --> 00:10:19,560 Some exchanges started 2060. Yeah. 188 00:10:19,840 --> 00:10:23,120 I mean, ETH has been, we said it on Friday, right? 189 00:10:23,120 --> 00:10:24,040 Yeah, yeah, yeah. Oh, guys. 190 00:10:24,240 --> 00:10:27,080 Like we need the clip man Alan. And I was we. 191 00:10:27,120 --> 00:10:28,280 Got to get that clip dude. I'm. 192 00:10:28,680 --> 00:10:33,040 Not I don't buy into ETH rallies because they like the last few 193 00:10:33,040 --> 00:10:36,040 times they've always happened 6 times it happened right before a 194 00:10:36,040 --> 00:10:41,640 sell off and and I we were like oh, should you buy mog or Pepe? 195 00:10:41,640 --> 00:10:43,680 And I was like, no, I'm not getting involved in anything 196 00:10:43,680 --> 00:10:45,480 more left curve on eve because of this. 197 00:10:46,200 --> 00:10:48,320 Yeah. To be fair though, this is just 198 00:10:48,320 --> 00:10:50,760 decimated everything like a correlation of one for pretty 199 00:10:50,760 --> 00:10:53,280 much all alt coins here. Everything went lower. 200 00:10:55,280 --> 00:10:59,840 It's like even my Solana defy coins got smashed, although 201 00:10:59,840 --> 00:11:03,560 that's slightly to do like obviously people being more 202 00:11:03,560 --> 00:11:05,160 worried about meme coins and new launches. 203 00:11:05,520 --> 00:11:09,400 But but it this hasn't been like a oh, this this sector is OK 204 00:11:09,400 --> 00:11:12,840 apart from maybe hyperliquid, you could argue is like in the. 205 00:11:12,840 --> 00:11:14,200 Hyperliquid is doing really good. 206 00:11:14,640 --> 00:11:16,960 They're very similar trades to like JLP, like they obviously 207 00:11:16,960 --> 00:11:19,760 make a ton from liquidations, so they make a ton on days like 208 00:11:19,760 --> 00:11:24,440 today and they never look, they never look so bad. 209 00:11:24,560 --> 00:11:27,880 So yeah, Hyperliquid is easily been the strongest performer at 210 00:11:27,880 --> 00:11:30,240 the top 100 coins, but. Wow, wow. 211 00:11:30,240 --> 00:11:34,880 Very strong. Yeah, yeah, it's actually 24 1/2 212 00:11:34,880 --> 00:11:35,960 right now. That's the. 213 00:11:36,600 --> 00:11:38,160 Yeah, it's closed here, but it's not on the. 214 00:11:38,160 --> 00:11:39,480 Oh, there you go. It it adjusted. 215 00:11:40,240 --> 00:11:44,400 Yeah, but the vast majority of of anything left curve, just to 216 00:11:44,400 --> 00:11:48,960 put in perspective, all right, in November, Whiff was at 55 217 00:11:48,960 --> 00:11:50,840 billion. It's now at 700 million. 218 00:11:51,440 --> 00:11:54,520 Bonk was also at 5 billion. What's bonk at? 219 00:11:56,120 --> 00:11:59,160 I think Bonk is actually held up much better than the others. 220 00:11:59,680 --> 00:12:01,160 I think it's still around a billion. 221 00:12:03,480 --> 00:12:07,640 You've had you had peanut 2 1/2. On Peanut who? 222 00:12:08,600 --> 00:12:12,640 Peanuts are trading at 200. How insane is that as a move? 223 00:12:13,040 --> 00:12:17,120 You had goat at one point 1.3, it's now at 130. 224 00:12:18,480 --> 00:12:20,520 Yeah, I think that hit under 100 yesterday. 225 00:12:20,520 --> 00:12:24,800 That was like. Whoa, you had fog at 800 million 226 00:12:25,520 --> 00:12:28,680 now at 6080? I don't know where it is right 227 00:12:28,680 --> 00:12:33,960 now, but like. 65. Yeah, you had MOG. 228 00:12:34,400 --> 00:12:38,520 MOG was trading it. I know 1 1/2 billion one. 229 00:12:38,800 --> 00:12:43,320 And a half billion, 400 like this has not just been an AI 230 00:12:43,320 --> 00:12:46,040 thing. This has been a everything. 231 00:12:46,240 --> 00:12:51,960 Oh my God. Yeah, yeah, yeah. 232 00:12:51,960 --> 00:12:53,800 Pop Cat is obviously obviously the other one. 233 00:12:53,800 --> 00:12:56,440 I mean, the easiest thing is just go to Murad, right And look 234 00:12:56,440 --> 00:12:59,960 at that index. Well, I think The thing is it's 235 00:12:59,960 --> 00:13:03,320 been it's really been everything this this is something I think 236 00:13:03,320 --> 00:13:05,000 we didn't have in previous cycles, right? 237 00:13:05,000 --> 00:13:10,040 We didn't have a big ecosystem of Solano mean coins or or pump 238 00:13:10,040 --> 00:13:14,120 fun coins. And what this tells me is that, 239 00:13:16,800 --> 00:13:19,360 and I don't even think this is close to the cycle top, I don't 240 00:13:19,360 --> 00:13:21,360 think it's anywhere. No, I don't think so, but. 241 00:13:21,640 --> 00:13:27,320 What this tells me is that this the bear cycle for these is 242 00:13:27,320 --> 00:13:30,160 going to be way worse. It's going to be so bad. 243 00:13:30,560 --> 00:13:32,120 Altcoins, this has obviously been horrific. 244 00:13:32,120 --> 00:13:34,520 I'm not saying it hasn't been, but like this tells you like, 245 00:13:34,520 --> 00:13:37,280 you know, when everyone just looks at the liquidity pool and 246 00:13:37,280 --> 00:13:42,320 goes like, Oh, there's only 1% in the LP, Like I've not I've 247 00:13:42,320 --> 00:13:44,400 not seen and people are saying it. 248 00:13:44,400 --> 00:13:46,760 They haven't seen a sell off like this since FTX, since 249 00:13:46,760 --> 00:13:48,520 COVID. And it's not for Bitcoin. 250 00:13:48,520 --> 00:13:50,800 Everyone's like, Oh, you know, it's not as bad Bitcoin, but 251 00:13:50,800 --> 00:13:55,600 like for altcoins, this is like a nuclear bomb got set off in in 252 00:13:55,600 --> 00:13:57,680 altcoins. And I don't think it was that 253 00:13:57,680 --> 00:14:00,320 much capital even leaving. I think it was for Trump and 254 00:14:00,320 --> 00:14:02,760 also a movement to stables plus plus majors. 255 00:14:04,760 --> 00:14:06,320 So. It's going lower. 256 00:14:06,760 --> 00:14:10,200 It will be blamed on the on the trade, the trade war right now, 257 00:14:10,200 --> 00:14:12,880 but it like deep seek nearly did this right. 258 00:14:13,800 --> 00:14:16,360 There was deep seek last week and everybody lost their minds. 259 00:14:16,400 --> 00:14:19,240 And this week is a tariffs and at 3:00 PM Eastern, they're 260 00:14:19,240 --> 00:14:20,880 talking again. They're going to make up and 261 00:14:20,880 --> 00:14:22,760 then we're going to be something else next week, dude. 262 00:14:22,920 --> 00:14:27,840 That's it. But AI we had Aicc, then we had 263 00:14:27,840 --> 00:14:32,880 deep seek, then we had, then we've had this. 264 00:14:32,880 --> 00:14:35,840 I don't think what else we had like like a little a little bit 265 00:14:35,840 --> 00:14:39,320 of a set of oh, then we had the VVV thing, like just small bits 266 00:14:39,320 --> 00:14:42,160 of FUD are just causing like unbelievable sell offs in those 267 00:14:42,160 --> 00:14:45,000 coins and that. Just Oh my God. 268 00:14:45,640 --> 00:14:48,000 Yeah, look at that. Look at that coin. 269 00:14:49,280 --> 00:14:53,480 Tyler. 75%. What do you think of that Tyler 270 00:14:53,480 --> 00:14:55,840 I. Mean there's a lot to unpack. 271 00:14:55,840 --> 00:14:59,160 I I, I think maybe they're starting so like you made the 272 00:14:59,240 --> 00:15:03,400 the obvious argument for the AI meme coins like I think in 273 00:15:03,400 --> 00:15:07,240 hindsight, it's very clear what happened yeah, like I still So 274 00:15:07,240 --> 00:15:08,720 what what the hell happened to ETH? 275 00:15:09,240 --> 00:15:12,240 So. I think it was a the sell off. 276 00:15:12,880 --> 00:15:17,760 I'll show you there's there's a dormant whale of six years that 277 00:15:18,360 --> 00:15:24,800 that there's a dormant whale six years that woke up yesterday. 278 00:15:25,560 --> 00:15:28,840 Yeah, just before the someone sold like a few $100 million of 279 00:15:28,840 --> 00:15:32,720 ETH. I think ETH to be honest though 280 00:15:32,720 --> 00:15:35,840 that like again, it seems people look at the final thing go like 281 00:15:35,840 --> 00:15:38,320 Oh my God, I'm to ETH but like. He's also heavy. 282 00:15:38,840 --> 00:15:40,040 ETH has been heavy for. A. 283 00:15:40,680 --> 00:15:43,240 Long time, so like when something like this happens. 284 00:15:43,240 --> 00:15:46,040 Oh look, it's the world. Another wallet found some ETH 285 00:15:46,040 --> 00:15:48,200 50,000 ETH today. Yeah. 286 00:15:48,880 --> 00:15:51,120 What's the seven siblings? Is that the founders? 287 00:15:52,960 --> 00:15:54,840 I don't know who seven siblings are. 288 00:15:54,840 --> 00:15:57,280 Seven siblings. It's an entity mine. 289 00:15:57,600 --> 00:15:59,160 Bottoms. Yeah, well. 290 00:16:01,160 --> 00:16:06,160 Here Tyler, I'll show you. It's a bounce actually now I 291 00:16:06,720 --> 00:16:08,200 mean. Yeah, it's going to bounce the 292 00:16:08,200 --> 00:16:12,920 hardest. Honestly, $2100 ETH was like I 293 00:16:12,920 --> 00:16:15,560 had nothing to buy ETH with because all my money's like 294 00:16:15,560 --> 00:16:18,000 Solana's chains, even my USDC was on Seoul. 295 00:16:18,560 --> 00:16:21,080 But even my friends that would panic text me, yo, what? 296 00:16:21,080 --> 00:16:23,040 What would you buy? I was like, yo, spot ETH dude, 297 00:16:23,320 --> 00:16:25,520 I've, I was at a point I was like, I was like, yo even buy 298 00:16:25,520 --> 00:16:27,240 spot ETH over spot sole last night. 299 00:16:27,480 --> 00:16:32,200 I'm not saying it here, but like last night at 2100, $2100 ETH 300 00:16:32,240 --> 00:16:36,640 was like Christmas. Yeah, maybe I. 301 00:16:37,000 --> 00:16:38,680 Mean if you could catch that, that was very. 302 00:16:38,680 --> 00:16:41,960 Hard if or even but you know 225023 you could have caught 303 00:16:42,080 --> 00:16:47,040 easy 22 hundreds 2100 I get it yeah you're right you can't 304 00:16:47,040 --> 00:16:51,120 really catch that and just like that Solana is above 200 bucks 305 00:16:51,120 --> 00:16:54,880 so it's I don't know damn so that was it Tyler, It seems I 306 00:16:54,880 --> 00:16:57,600 mean it can't be just that but that was yeah yeah I. 307 00:16:58,240 --> 00:16:59,200 Want to talk about the tariffs thing. 308 00:17:02,280 --> 00:17:03,720 I'm curious for, for your all thoughts. 309 00:17:04,440 --> 00:17:06,920 I don't think this is a weekend thing. 310 00:17:07,640 --> 00:17:09,960 I don't think they they're going to have these conversations 311 00:17:09,960 --> 00:17:13,160 today and say, no, we're going to, we reached agreement and 312 00:17:13,160 --> 00:17:15,079 we're going to lift the tariffs. I mean, it's at 3:00 PM. 313 00:17:15,079 --> 00:17:19,280 They spoke this morning already. That's very possible. 314 00:17:19,720 --> 00:17:24,359 I think if that happens, it's going to be kind of hard to take 315 00:17:24,359 --> 00:17:28,240 a lot of what Trump says seriously if he's just going to 316 00:17:28,240 --> 00:17:31,960 do these things. Or maybe it's a quick win, you 317 00:17:31,960 --> 00:17:35,320 know? I, I would be unsurprised if he 318 00:17:35,320 --> 00:17:38,240 continues with it. Like with China, for example, 319 00:17:38,240 --> 00:17:42,120 he, he, he kept them like month by month rolling and eventually 320 00:17:42,120 --> 00:17:44,080 they got some sort of a trade deal done right. 321 00:17:45,440 --> 00:17:47,240 I think he's probably just going down the list and going like, 322 00:17:47,240 --> 00:17:50,360 who are biggest partners? Like let's come to a deal. 323 00:17:50,600 --> 00:17:53,920 It does seem strange because I do think Canada and Mexico even 324 00:17:54,920 --> 00:17:59,160 are a lot more like culturally aligned and dependent on the US. 325 00:17:59,680 --> 00:18:03,440 So same as like the UK for example, it's like they're, 326 00:18:03,760 --> 00:18:08,720 yeah, you're clearly allies. So like doesn't seem that 327 00:18:08,720 --> 00:18:12,720 sensible to necessarily like basically have a massive fight 328 00:18:12,720 --> 00:18:15,920 with your allies. But at the same time, I think 329 00:18:15,920 --> 00:18:18,200 one of the the things that people just don't really 330 00:18:18,200 --> 00:18:25,040 understand here is that the US economy dwarfs Canada's economy. 331 00:18:25,880 --> 00:18:29,320 It dwarves Mexico's economy. It dwarves U KS economy. 332 00:18:31,280 --> 00:18:35,680 It the trade balance looks bad, but that's because the US is 333 00:18:35,680 --> 00:18:38,240 just so much bigger. It's not like it's like saying, 334 00:18:38,240 --> 00:18:41,160 oh, we have a negative trade balance with a tiny country. 335 00:18:42,000 --> 00:18:46,800 Well, yeah, like they can sell to all of your customers, right? 336 00:18:46,800 --> 00:18:51,640 Like it's so much bigger the US so it naturally is more like 337 00:18:51,640 --> 00:18:55,240 liable to have a trade. What is the What is the Canadian 338 00:18:56,160 --> 00:18:58,320 GDP for? Example, it's two it's the 339 00:18:58,320 --> 00:19:01,000 market cap is 2.14 trillion. OK. 340 00:19:01,320 --> 00:19:04,520 And the USGDP is. 2710 times. Right. 341 00:19:05,040 --> 00:19:07,080 So just put them like before you go like, Oh my God. 342 00:19:07,080 --> 00:19:12,280 Like it's just, it's also a like a, it's just a, like a 343 00:19:12,640 --> 00:19:16,080 mathematics thing. Like there's so much bigger that 344 00:19:16,080 --> 00:19:19,960 the idea that you can somehow get an economy of 2.4 trillion 345 00:19:20,440 --> 00:19:24,760 to somehow like buy as much goods as an economy which is 27 346 00:19:24,760 --> 00:19:31,000 trillion, it just doesn't work. So the US has also got to like, 347 00:19:31,000 --> 00:19:33,040 I think up to terms with the idea that it is a 348 00:19:33,080 --> 00:19:35,440 disproportionate amount of the global economy. 349 00:19:35,960 --> 00:19:40,440 So it's to get to like a close trade balance with a lot of 350 00:19:40,440 --> 00:19:42,320 these. It's going to be like Mexico is 351 00:19:42,320 --> 00:19:45,160 GDP. There is 0% chance that Mexico 352 00:19:45,160 --> 00:19:49,440 is going to be able to import the goods needed to balance that 353 00:19:49,440 --> 00:19:54,280 trade deficit like literally 0. So this I do that you're going 354 00:19:54,280 --> 00:19:57,360 to get to balance is tough. China, you could argue like 355 00:19:57,360 --> 00:19:59,400 China's much, much closer, closer battle. 356 00:20:01,480 --> 00:20:04,440 But but with some of these smaller ones like I, I do think 357 00:20:04,440 --> 00:20:07,400 that like Trump's got to come to like some sort of an 358 00:20:07,400 --> 00:20:11,800 understanding here that the he can't get a balance of trade. 359 00:20:12,400 --> 00:20:14,920 Like there's no way Mexico can afford that. 360 00:20:15,200 --> 00:20:17,040 So I think they'll they'll come to a deal. 361 00:20:17,040 --> 00:20:19,720 That's what I reckon. That's all it is. 362 00:20:19,720 --> 00:20:23,840 I did. I, I, I, I, I, I, I can't find 363 00:20:23,840 --> 00:20:25,640 the tweet because it was like really active weekend in the 364 00:20:25,640 --> 00:20:27,400 chats. But there's a tweet that was 365 00:20:27,400 --> 00:20:30,960 saying like talking about Trump's like tactic here that's 366 00:20:30,960 --> 00:20:34,320 just like as aggressive as possible, as loud as possible, 367 00:20:34,320 --> 00:20:36,960 as strong as possible in order to get a quick in and out 368 00:20:36,960 --> 00:20:39,560 outcome. And I argue the opposite that 369 00:20:39,560 --> 00:20:43,040 like, I don't see, I don't see this as saying, OK, if they 370 00:20:43,040 --> 00:20:45,000 reach an agreement today, people are like, oh, well, all you 371 00:20:45,000 --> 00:20:47,160 going to take is Trump's words. Trump's word again, actually, as 372 00:20:47,160 --> 00:20:49,760 a matter of fact, it'll make people consider to take his 373 00:20:49,760 --> 00:20:53,560 words quick and he's just showing it's it's a show hand. 374 00:20:54,040 --> 00:20:57,760 People love to say like yo US explain to me guys how the US 375 00:20:57,760 --> 00:21:00,960 even gets affected by, let's say this potential tariffs on Canada 376 00:21:01,400 --> 00:21:05,040 when US is very well off without Canada for the math that like 377 00:21:05,120 --> 00:21:08,240 man was talking about. If anything, Canadian people are 378 00:21:08,240 --> 00:21:11,400 down really bad from this. It'll affect Canada even more. 379 00:21:11,600 --> 00:21:13,640 But maybe also it's time for countries to become a little 380 00:21:13,640 --> 00:21:16,360 more self-sufficient and stop depending on others, right? 381 00:21:16,360 --> 00:21:18,080 I think, I think this is like a wake up call. 382 00:21:18,080 --> 00:21:19,800 Like I, I see it from both sides, right? 383 00:21:19,800 --> 00:21:22,280 Like from the US side, it's OK whatever McCain inside said. 384 00:21:22,280 --> 00:21:24,320 Yo, like maybe it's time for us like to be a little less 385 00:21:24,320 --> 00:21:27,000 self-sufficient to like another country and depend on something 386 00:21:27,000 --> 00:21:28,040 else. I think that's what Trump saying 387 00:21:28,040 --> 00:21:30,520 is like, yo, like, get off my back a little bit and figure it 388 00:21:30,520 --> 00:21:33,800 out on your own. You know this is multi decades 389 00:21:33,800 --> 00:21:35,800 of globalization though. Yeah, exactly. 390 00:21:35,800 --> 00:21:37,760 Of course it's hard to break it all at once. 391 00:21:37,960 --> 00:21:40,520 And like and of course if we study all this stuff at school, 392 00:21:40,520 --> 00:21:42,920 Baba like you need to like you can't like. 393 00:21:42,920 --> 00:21:45,520 But I generally believe in countries needing to become 394 00:21:45,520 --> 00:21:47,440 self-sufficient on their own. Like Canada has everything it 395 00:21:47,440 --> 00:21:49,920 needs to actually be sufficient. Like we have all the farmland 396 00:21:49,920 --> 00:21:52,120 you can imagine, we have all the water resources, but all the oil 397 00:21:52,120 --> 00:21:53,480 and gas resources that you can imagine. 398 00:21:53,480 --> 00:21:56,320 But yet again, it's it depends on its on the on the southern 399 00:21:56,320 --> 00:21:57,760 border. And I think a lot of people like 400 00:21:57,760 --> 00:21:59,880 to blame Trump here. But like, I think if you look at 401 00:21:59,880 --> 00:22:02,120 Canada since 2015, it's been on the downhill only. 402 00:22:02,560 --> 00:22:05,120 And maybe it did become a little hassle. 403 00:22:05,120 --> 00:22:06,920 Maybe it didn't. And Trump is just trying to be 404 00:22:06,920 --> 00:22:10,160 like, Hey, yo, I'm one weekend. I'll do what the fuck I want. 405 00:22:10,160 --> 00:22:12,480 You know, you guys disrespect the country for the last four 406 00:22:12,480 --> 00:22:14,960 years. I I think personally like, and 407 00:22:14,960 --> 00:22:17,000 you guys know because I told you guys, it's theatrics. 408 00:22:17,400 --> 00:22:19,440 There's a slight rugging. I mean, I agree with that to a 409 00:22:19,440 --> 00:22:21,280 certain extent. I also agree with like countries 410 00:22:21,280 --> 00:22:26,520 that you are allies with, like Canada and and the the UK, like 411 00:22:26,520 --> 00:22:31,160 there is a benefit of of being focused on certain bits of 412 00:22:31,160 --> 00:22:32,680 trade. You know, like we're going to 413 00:22:32,680 --> 00:22:34,360 specialize in this. You're going to specialize in 414 00:22:34,360 --> 00:22:36,240 that. Like, yeah, there is like that's 415 00:22:36,240 --> 00:22:39,360 econ one O 1 like countries that you are allies with at the same 416 00:22:39,360 --> 00:22:42,320 time. I think the USI mean then the 417 00:22:42,320 --> 00:22:45,080 one that the US really fucking overspends on and literally 418 00:22:45,080 --> 00:22:47,600 protects the the world on here is defence, right? 419 00:22:47,800 --> 00:22:51,680 I think it defends most of Canada's borders, right, which 420 00:22:51,680 --> 00:22:54,200 is kind of wild. Like there's a there's a pact 421 00:22:54,200 --> 00:22:56,280 between the two of them that basically the US is just going 422 00:22:56,280 --> 00:22:59,240 to defend Canada. So you could argue that, yeah, 423 00:22:59,240 --> 00:23:01,680 like every country should be in charge of its own defence 424 00:23:01,680 --> 00:23:04,120 sovereignty. But like you are tearing apart 425 00:23:04,120 --> 00:23:07,000 particularly against allies. Like when he goes against China, 426 00:23:07,880 --> 00:23:10,200 you get it? You get it like straight away. 427 00:23:10,960 --> 00:23:13,040 And maybe against the BRICS as well, actually, because the 428 00:23:13,040 --> 00:23:16,240 BRICS have been pretty overtly saying, look, we're going to add 429 00:23:16,240 --> 00:23:19,080 100%, you know, we're, we're going to try and get rid of the 430 00:23:19,080 --> 00:23:21,480 dollar of this sort of stuff. But I do think against like the 431 00:23:21,480 --> 00:23:24,160 UK, Canada and to an extent Mexico as well. 432 00:23:24,760 --> 00:23:27,400 This is a bargaining tip rather than something that you like. 433 00:23:27,840 --> 00:23:30,440 I don't think it's in EU s s best interest to go down this 434 00:23:30,440 --> 00:23:32,840 route and like really go off. They're putting it on the back 435 00:23:32,840 --> 00:23:34,840 of fentanyl, right? Like I don't have the stats on 436 00:23:34,840 --> 00:23:36,960 fentanyl. I'm not an expert, but I think 437 00:23:36,960 --> 00:23:40,960 it's like less than 1% of fentanyl from the US goes comes 438 00:23:40,960 --> 00:23:44,560 from Canada and that their state account doesn't do enough of the 439 00:23:44,560 --> 00:23:45,920 borders. I I don't know about that. 440 00:23:45,920 --> 00:23:47,280 I can't Fact Check it, so I don't have to take. 441 00:23:47,280 --> 00:23:49,640 But what do you think, Tyler of the overall like this type of 442 00:23:49,640 --> 00:23:51,160 stuff? So I hope that is what happens, 443 00:23:51,160 --> 00:23:52,600 right? Like so like I'm, I'm just 444 00:23:52,600 --> 00:23:53,960 trying to be like level headed here. 445 00:23:53,960 --> 00:23:57,520 So like, I, I hope that this was all bargaining and they they 446 00:23:57,520 --> 00:24:00,000 reached a quick agreement and we'd be shaped, right? 447 00:24:01,080 --> 00:24:03,720 I don't think that's how this is going to play out. 448 00:24:03,880 --> 00:24:06,400 Like he, he tell he's been telegraphing all of his moves. 449 00:24:06,440 --> 00:24:08,680 He's been telegraphing tariffs. He's also been starting to 450 00:24:08,680 --> 00:24:11,440 Telegraph that, hey, Americans might be in for some near term 451 00:24:11,440 --> 00:24:15,560 pain. And if it all comes down to is 452 00:24:15,560 --> 00:24:19,240 he going to try to do like an actual reset and change like to 453 00:24:19,240 --> 00:24:22,120 in America first versus globalization partner? 454 00:24:22,800 --> 00:24:25,920 Sounds like it. And if he is like, if we're 455 00:24:25,920 --> 00:24:28,280 actually going to do some kind of like a regime change to a 456 00:24:28,280 --> 00:24:31,080 degree, like there is going to be a lot, there's going to be 457 00:24:31,080 --> 00:24:33,800 some near term pain. We just don't know. 458 00:24:33,800 --> 00:24:37,680 And it's very hard to know like what he actually wants to 459 00:24:37,680 --> 00:24:38,960 accomplish here. I've been struggling with that 460 00:24:38,960 --> 00:24:40,440 all weekend. I'm trying to chat through it 461 00:24:40,440 --> 00:24:43,600 with with folks as well. It honestly it feels like a coin 462 00:24:43,600 --> 00:24:46,720 flip to me. Coin flip we have tariffs on for 463 00:24:46,720 --> 00:24:49,120 the next 6 to 12 months at a minimum. 464 00:24:49,480 --> 00:24:52,920 Coin flip that we reach a deal this week or next week like. 465 00:24:53,440 --> 00:24:54,880 What's the next one? Right? 466 00:24:54,880 --> 00:24:57,360 I think what Wiz and Obi were talking about this weekend, 467 00:24:57,360 --> 00:24:59,640 Mando, and I'd love to have your guess's takes on that. 468 00:24:59,640 --> 00:25:02,600 Is that last time? So they're comparing it to 2018 469 00:25:04,320 --> 00:25:06,080 and they're saying that tariffs were like 2 years. 470 00:25:06,400 --> 00:25:08,760 Mando is so like let's say today you reached the deal with 471 00:25:08,760 --> 00:25:13,680 Canada, two more with Mexico, on to the next country, China, then 472 00:25:13,680 --> 00:25:17,840 China's done on to the next one and on to the next one, the EU 473 00:25:18,680 --> 00:25:20,520 like. He wants to deal with China 474 00:25:20,520 --> 00:25:22,120 bricks. Like what I'm, what I'm trying 475 00:25:22,120 --> 00:25:25,560 to say is I think, I think he's doing brinkmanship to get these 476 00:25:25,560 --> 00:25:29,040 deals. Him doing this with China and 477 00:25:29,360 --> 00:25:32,760 sorry with Canada and Mexico or the UK really has an impact on 478 00:25:32,840 --> 00:25:33,560 China. And the bricks. 479 00:25:33,560 --> 00:25:36,360 I think that I think they actually are more adversarial 480 00:25:36,360 --> 00:25:41,400 to, to, to, to the US right now. And I would say that he can he, 481 00:25:41,400 --> 00:25:44,520 he will probably follow through with tariffs to all of those 482 00:25:44,520 --> 00:25:47,000 countries. And I don't really see a way 483 00:25:47,000 --> 00:25:51,200 that any of those will actually maybe the bricks we'll get like 484 00:25:51,200 --> 00:25:54,960 a maybe like the Saudis might be able to like get a deal done or 485 00:25:54,960 --> 00:25:57,960 something like that. But largely I do think that 486 00:25:57,960 --> 00:26:01,560 you'll, you'll see tariffs to, to, to a lot of countries which 487 00:26:01,560 --> 00:26:04,120 aren't Canada and Mexico. What he's really wanting here is 488 00:26:04,120 --> 00:26:06,560 more like social stuff. I think he wants to secure the 489 00:26:06,560 --> 00:26:08,560 borders. He wants also and and defense. 490 00:26:08,560 --> 00:26:14,480 He wants people like for NATO to be like contributing as much as 491 00:26:14,480 --> 00:26:17,600 they should be, although arguably like the UK still 492 00:26:17,600 --> 00:26:21,840 countries a decent amount. Yeah, I, I think, I think this 493 00:26:21,840 --> 00:26:24,480 one out of them all is the brinkmanship one. 494 00:26:24,800 --> 00:26:27,080 But I think the next ones, that's where the real battle is. 495 00:26:27,680 --> 00:26:29,640 Like that's where the real battle is in my opinion. 496 00:26:31,560 --> 00:26:32,960 Yeah. You know, pulling this back, 497 00:26:32,960 --> 00:26:34,920 maybe you kind of went there earlier, you said you don't 498 00:26:34,920 --> 00:26:37,960 think the cycle top is in. Maybe we could go deeper into 499 00:26:37,960 --> 00:26:39,000 that. So I think there's a lot of 500 00:26:39,000 --> 00:26:43,080 genuine concern out there, folks who who think the top is in. 501 00:26:43,080 --> 00:26:45,400 I think a lot of folks I've seen the take like, oh, bitcoins, 502 00:26:45,400 --> 00:26:49,160 100K and you think it's the first inning still and basically 503 00:26:49,160 --> 00:26:51,840 saying like, how could it not be the top like obvious blow off 504 00:26:51,840 --> 00:26:53,520 top signs with Trump and all this. 505 00:26:54,680 --> 00:26:57,000 So maybe we could go a little deeper into kind of your 506 00:26:57,000 --> 00:26:59,840 thoughts there and perhaps on Bitcoin majors also then like 507 00:26:59,840 --> 00:27:04,200 alts? So top down, I think this is 508 00:27:04,200 --> 00:27:08,440 quite a different situation to the last top in that I don't 509 00:27:08,440 --> 00:27:11,920 think we are headed to inflation at double digits. 510 00:27:12,440 --> 00:27:16,720 I don't think, which meant that you know, we had this massive 511 00:27:16,720 --> 00:27:18,080 tightening cycle for a long time. 512 00:27:18,080 --> 00:27:20,520 I think QT quantity of tightening is coming to an end, 513 00:27:20,760 --> 00:27:22,120 but explicitly it's coming to an end. 514 00:27:22,360 --> 00:27:24,640 And I think quite a lot of the other countries globally are 515 00:27:24,640 --> 00:27:28,680 moving towards QE, in particular China, like the only fight here 516 00:27:28,920 --> 00:27:33,680 for China is Kiwi. So like from a top down 517 00:27:33,680 --> 00:27:37,240 perspective, if you go back to the last top 2022, we had 518 00:27:37,280 --> 00:27:41,120 rapidly rising inflation, which meant you had a global 519 00:27:41,120 --> 00:27:43,800 tightening cycle off the back of COVID, right where everyone was 520 00:27:43,800 --> 00:27:45,040 printing money suddenly went to right. 521 00:27:45,040 --> 00:27:48,440 We need to actually up and reverse everything. 522 00:27:48,880 --> 00:27:51,600 So you had like a whole shift in macro sentiment. 523 00:27:52,200 --> 00:27:57,360 And then you had two big pockets of of of like an explosion, 524 00:27:57,360 --> 00:28:01,360 which was three AC into Alameda into FDX. 525 00:28:01,360 --> 00:28:04,680 Like you had all that sort of leverage get taken out. 526 00:28:05,200 --> 00:28:10,840 Like right now I can't identify one person apart from Sailor, 527 00:28:10,840 --> 00:28:14,040 which I think would be it's something we would have to go on 528 00:28:14,320 --> 00:28:16,200 that that is that leverage in the system. 529 00:28:16,200 --> 00:28:20,160 None of the exchanges really have a active trading arm that 530 00:28:20,160 --> 00:28:21,760 could have blown up during this cycle. 531 00:28:22,080 --> 00:28:24,360 In fact, a lot of them have been distance over the last few years 532 00:28:24,360 --> 00:28:25,960 that sort of extent. A lot of exchanges have been 533 00:28:25,960 --> 00:28:29,120 cleaned up a lot better as well. So I think the exchange risk is 534 00:28:29,160 --> 00:28:31,960 much lower than it was. It's not 0, but it's much lower 535 00:28:31,960 --> 00:28:36,720 than it was, which is normally like the main, main way that 536 00:28:36,720 --> 00:28:41,440 these things can go under. I think a lot of the the OTC or 537 00:28:41,440 --> 00:28:49,800 peer lending platform, peer loan platforms in, in, in crypto have 538 00:28:49,800 --> 00:28:53,320 either gone or are much, much reduced somewhat than what they 539 00:28:53,320 --> 00:28:55,520 were. Again, the whole of that sort of 540 00:28:55,520 --> 00:28:57,080 space has been cleared up. So I think that bit of the 541 00:28:57,080 --> 00:28:59,720 leverage has largely been cleared up, which is like 542 00:28:59,720 --> 00:29:02,160 institutional wow, we're going to lose this firm, this firm, 543 00:29:02,160 --> 00:29:03,960 this firm, this firm. Yeah, hedge fund might have 544 00:29:03,960 --> 00:29:06,200 blown up like people are talking about Scimitar may have blown 545 00:29:06,200 --> 00:29:08,840 up, but I don't think that leads then to the neck that doesn't 546 00:29:08,840 --> 00:29:11,040 lead to FDX exploding this this time. 547 00:29:11,200 --> 00:29:13,920 So I don't think again, like this is going to lead to some 548 00:29:14,560 --> 00:29:16,720 wide range take out and then you got to look at it and be like, 549 00:29:17,640 --> 00:29:20,160 OK, so if it's not going to be a macro BLOB, it's not going to be 550 00:29:20,160 --> 00:29:22,720 a crypto like a leverage blow up. 551 00:29:22,880 --> 00:29:24,760 Then it's really got to be like a fundamental. 552 00:29:24,760 --> 00:29:27,560 Everything's going to shift and everything's going to go lower 553 00:29:27,560 --> 00:29:29,840 off lower off the back of that. I just don't see anything that 554 00:29:29,840 --> 00:29:33,160 like apart from like the chart looks a little bit like with 555 00:29:33,160 --> 00:29:35,600 broken, broken support like the other the other. 556 00:29:35,600 --> 00:29:37,600 The other thing I would look at here is stable coin supply. 557 00:29:37,600 --> 00:29:41,400 Stable coin supply is literally going insane right now. 558 00:29:42,960 --> 00:29:45,960 It's it's like even on Solano, it's it's going insane. 559 00:29:46,560 --> 00:29:49,440 So and that's not what happened last cycle, right? 560 00:29:49,480 --> 00:29:55,520 The stable coins halved last cycle like after that top. 561 00:29:55,520 --> 00:29:58,960 So that doesn't point to that for me. 562 00:29:58,960 --> 00:30:01,360 In fact, it points to the idea that this is actually a good a 563 00:30:01,360 --> 00:30:05,200 good spot to buy the dip. I think what we've seen is that 564 00:30:05,840 --> 00:30:10,960 when liquidity leaves Solana. It's running. 565 00:30:11,480 --> 00:30:15,560 With pump fun coins and most of the coins not on spot exchanges, 566 00:30:15,600 --> 00:30:21,520 only for perps, you see decimation of these coins like 567 00:30:21,520 --> 00:30:23,200 absolutely decimation of these coins. 568 00:30:24,080 --> 00:30:27,680 Stole bad boys. So I think it's far more micro 569 00:30:27,680 --> 00:30:30,480 than that. I think we can shop like even if 570 00:30:30,480 --> 00:30:32,880 I look at it right now, Bitcoin actually just held that nice 571 00:30:32,920 --> 00:30:34,960 like that level of support it's held. 572 00:30:34,960 --> 00:30:37,080 That's it. Clockwork bro. 573 00:30:37,080 --> 00:30:38,960 Clockwork. Like look at this like. 574 00:30:39,080 --> 00:30:41,760 It's a wild rebound, like watching the things are always. 575 00:30:42,160 --> 00:30:45,520 The same it's always the same like we're two bullish at the 576 00:30:45,520 --> 00:30:49,360 top like we just were right at one O 6 Tyler like I wanted like 577 00:30:49,360 --> 00:30:52,120 5 the whole timeline. Everyone let's go this time is 578 00:30:52,120 --> 00:30:56,720 different and again 2 bearish at the lows at 90 same thing same 579 00:30:56,720 --> 00:30:59,440 thing we talked about social us 3 like every day at this stage 580 00:30:59,880 --> 00:31:04,360 same shit. 90K is the bottom of this range. 108 K is the top of 581 00:31:04,360 --> 00:31:07,640 this range because I'm not talking about the market, right? 582 00:31:07,640 --> 00:31:12,520 Top of the range is 90KA108K and bottom of the range is $90,000. 583 00:31:12,680 --> 00:31:16,520 One 2-3 clockwork, 1-2 clockwork. 584 00:31:16,520 --> 00:31:18,240 Like do you know what I mean? I'm speechless. 585 00:31:19,400 --> 00:31:22,120 I I convinced myself this time was different and literally 3 586 00:31:22,160 --> 00:31:25,960 three weeks in a row we bought up right before market open 587 00:31:26,400 --> 00:31:28,240 Monday morning. Again. 588 00:31:28,480 --> 00:31:34,680 What was 190 before market open? Is it two O 6 Bitcoin's almost 589 00:31:34,680 --> 00:31:37,480 at 98? No, we're really about to hit 590 00:31:37,480 --> 00:31:40,440 100K by either end of today or tomorrow on the show. 591 00:31:40,440 --> 00:31:44,400 Like it's insane, guys, again, look at this. 592 00:31:44,520 --> 00:31:46,400 We've done it again. We're we're made way through the 593 00:31:46,400 --> 00:31:48,880 range again. We're there. 594 00:31:48,920 --> 00:31:50,360 You know what's? Going to break the range. 595 00:31:50,360 --> 00:31:52,240 So are we just going to arrange then we're going to have like 596 00:31:52,280 --> 00:31:54,160 every single weekend, we're going to have like a Trump 597 00:31:54,160 --> 00:31:56,320 headline? Yes, bro, Yes, we're going to 598 00:31:56,320 --> 00:31:57,760 keep ranging. We've been saying it. 599 00:31:58,120 --> 00:32:01,200 Think about this right now. Everyone just got liquidated. 600 00:32:01,280 --> 00:32:04,000 That was $10 billion. Yeah, right. 601 00:32:04,400 --> 00:32:06,040 So what is going to break the range? 602 00:32:06,120 --> 00:32:09,360 You had $10 billion of liquidations and you didn't 603 00:32:09,360 --> 00:32:12,120 break the range. It has to be a Black Swan, which 604 00:32:12,120 --> 00:32:15,040 again, that that's to, to end it, Tyler. 605 00:32:15,040 --> 00:32:17,240 That's the only thing I can imagine, like taking us 606 00:32:17,240 --> 00:32:21,320 completely out like COVID, you know, like China invades Taiwan. 607 00:32:22,040 --> 00:32:26,560 That's sort of a thing where it's like, Oh my God, like, but 608 00:32:26,560 --> 00:32:28,480 I don't think they're going to do that this year, not with 609 00:32:28,480 --> 00:32:31,960 Trump where he is right now going absolutely crazy. 610 00:32:33,840 --> 00:32:36,640 So it it has to be something I don't really see. 611 00:32:36,640 --> 00:32:39,600 But the macro conditions are nowhere near what they were. 612 00:32:39,600 --> 00:32:41,440 Last. Last cycle, they're just this 613 00:32:41,440 --> 00:32:45,960 completely different ball game. Crypto Crypto's 8 and I've said 614 00:32:45,960 --> 00:32:47,840 this so many times, I don't think we're going to have a 615 00:32:47,840 --> 00:32:50,600 cycle like we had last cycle. Oh, pet tariffs were paused. 616 00:32:51,440 --> 00:32:52,560 Oh, there you go. Breaking news. 617 00:32:52,800 --> 00:32:57,560 Wait, what? Yeah, hold on. 618 00:32:58,320 --> 00:33:00,080 Yeah, yeah, yeah, yeah, yeah, yeah. 619 00:33:00,440 --> 00:33:03,840 Maxine, Brandon Scheinbaum says Tariffer, pause for a month from 620 00:33:03,840 --> 00:33:04,720 now. We literally call this. 621 00:33:05,360 --> 00:33:06,560 We literally fucking call. Wow. 622 00:33:06,840 --> 00:33:08,120 Wow. So. 623 00:33:08,480 --> 00:33:15,440 This is this is like little dude, clockwork, clockwork, 624 00:33:16,760 --> 00:33:19,840 clockwork. I caught Solani, it's at 186. 625 00:33:23,640 --> 00:33:25,080 I'm just. Clockwork. 626 00:33:25,360 --> 00:33:27,200 Because I knew this trade. Clockwork. 627 00:33:27,320 --> 00:33:29,560 Knew that we talked about this trade every single week it's the 628 00:33:29,560 --> 00:33:31,720 month that the open trade and I and I missed it which. 629 00:33:31,720 --> 00:33:37,680 Is what's happened but the. Stuff that I see outperforming 630 00:33:37,880 --> 00:33:39,880 for people that are. Like FAR coin and MLG are pretty 631 00:33:39,880 --> 00:33:41,680 good on sole. Honestly, look at far coin. 632 00:33:41,800 --> 00:33:46,480 Are the AI coins the only two seem to be ARC and FARC coin 633 00:33:46,480 --> 00:33:47,040 that. Held up. 634 00:33:47,480 --> 00:33:49,560 In any sort of. It's FARC, it's the new. 635 00:33:49,560 --> 00:33:50,760 It's the new code FARC. It's the. 636 00:33:50,880 --> 00:33:55,480 FARC. It's the FARC mafia in meme, MLG 637 00:33:55,960 --> 00:34:02,480 and arguably FARC coin as well. Yeah, this is so funny, dude. 638 00:34:02,640 --> 00:34:04,440 I would say that. There's no way. 639 00:34:05,760 --> 00:34:08,520 In in the revenue producing protocols, which I've been 640 00:34:08,520 --> 00:34:12,400 saying everyone should like be looking at hype up at 25 1/2. 641 00:34:12,920 --> 00:34:15,880 Ray looks like it's about to bounce back to positive on the. 642 00:34:15,960 --> 00:34:17,320 Yeah, it's positive on the day now. 643 00:34:17,320 --> 00:34:22,280 Still down 20%, but that's like Jupiter's down 20. 644 00:34:22,320 --> 00:34:24,400 Yeah, but it's going to. That means that means Ray's 645 00:34:24,400 --> 00:34:27,480 going to bounce like a meme coin at this stage, like it always 646 00:34:27,480 --> 00:34:29,600 does that. Bouncing so those three I think 647 00:34:29,600 --> 00:34:32,320 are the some of the three biggest strongest to look at 648 00:34:32,320 --> 00:34:33,920 right now. What isn't bouncing, 649 00:34:33,920 --> 00:34:36,400 interestingly is is actually still a lot of meme coins and a 650 00:34:36,400 --> 00:34:38,520 lot of the other. Like they're bouncing, but they 651 00:34:38,520 --> 00:34:40,800 still look. They're not the first thing 652 00:34:40,800 --> 00:34:42,199 people are buying. I don't know if they were buy 653 00:34:42,199 --> 00:34:47,280 now or they're not, but. This is comedy both I see. 654 00:34:47,719 --> 00:34:50,639 A little bit and so like, and this is not me fighting. 655 00:34:50,639 --> 00:34:52,120 Yeah, you. Were you were fighting Mando 656 00:34:52,120 --> 00:34:55,880 this weekend like this weekend starting with you were like you 657 00:34:55,880 --> 00:34:58,400 went full Trump on Mando here. You're taking, you're taking 658 00:34:58,400 --> 00:35:00,120 notes from your from your president here. 659 00:35:00,360 --> 00:35:05,080 Faffo. You are taking that meme. 660 00:35:05,880 --> 00:35:10,440 So like everyone that is so happy to to great the meme coin 661 00:35:10,480 --> 00:35:15,880 super cycle and like it's over Like, but it, it it does feel 662 00:35:15,880 --> 00:35:19,080 like a change has happened. And I don't I don't think people 663 00:35:19,080 --> 00:35:22,160 are like active, like people are ready to dive into the trenches 664 00:35:22,160 --> 00:35:25,720 right now and like trade memes all day, but they're not going 665 00:35:25,840 --> 00:35:28,040 to do that. Doesn't that hurt Ray? 666 00:35:28,600 --> 00:35:32,880 100% and like it did right but but I think the the the point 667 00:35:32,880 --> 00:35:34,600 is, is that someone like Radium will move. 668 00:35:34,600 --> 00:35:39,840 When I first got into Radium it was 6 1/2, so it's down 15%. 669 00:35:40,360 --> 00:35:43,280 Yeah, I rent A rent A8 the day after you bought it, remember? 670 00:35:43,760 --> 00:35:46,720 At that time, Falcon was 2 1/2 billion, right? 671 00:35:47,400 --> 00:35:48,720 That was. All done very well. 672 00:35:49,160 --> 00:35:50,960 Right. Like you have to put in 673 00:35:50,960 --> 00:35:56,000 perspective of the Solana exit that we just saw you want to be 674 00:35:56,000 --> 00:35:58,640 inside revenue producing protocols, right, So. 675 00:35:59,480 --> 00:36:01,440 I'm by some ray right now actually. 676 00:36:02,760 --> 00:36:05,920 It does feel like one which, but again, I think what Tyler is 677 00:36:05,920 --> 00:36:10,640 saying this is this now a does anyone like where I put out one 678 00:36:10,640 --> 00:36:12,760 bullish tweet and I instantly deleted it because I just knew 679 00:36:12,760 --> 00:36:14,200 that people. Tried to delete it. 680 00:36:15,240 --> 00:36:18,000 Do we think that people are ready to get back in the water 681 00:36:18,240 --> 00:36:20,920 and stop buying meme coins? And all, brother, the people are 682 00:36:20,920 --> 00:36:24,240 literally buying the bounce right now and they will lose 683 00:36:24,240 --> 00:36:28,360 again if it bottoms, if it, if it's a dead cat like they people 684 00:36:28,400 --> 00:36:36,040 are so eager to buy everything after it pumps that that human 685 00:36:36,040 --> 00:36:37,120 psychology is never going to change. 686 00:36:37,120 --> 00:36:39,600 But there's $8 billion left though in their hands right now. 687 00:36:40,680 --> 00:36:43,080 So that is a thing. Look at this. 688 00:36:43,400 --> 00:36:45,600 Number one right now. I'm buying this fun. 689 00:36:46,240 --> 00:36:49,880 Yeah, one second. Everyone is like, not only have 690 00:36:49,880 --> 00:36:53,800 we got as the coins set up of these coins, it's it's, I mean, 691 00:36:53,960 --> 00:36:55,640 you have to understand this is the perfect storm. 692 00:36:55,640 --> 00:36:59,520 It's pump fun with 1% liquidity pools into. 693 00:36:59,560 --> 00:37:01,720 I'm literally buying some radium right now on the show. 694 00:37:03,520 --> 00:37:04,240 I'm wrong. I'm wrong? 695 00:37:04,760 --> 00:37:09,400 Like there's no spot liquidity for these coins, right? 696 00:37:09,520 --> 00:37:12,240 The only spot liquidity for your pump fun coin that got listed on 697 00:37:12,240 --> 00:37:17,400 Binance was the 1% pool that it's had since it existed, 698 00:37:17,800 --> 00:37:19,480 right? No else was there. 699 00:37:21,720 --> 00:37:26,520 And I think, I don't know. I honestly don't know if it this 700 00:37:26,520 --> 00:37:28,880 is now going to be a full blown like we're going to go against 701 00:37:29,280 --> 00:37:33,320 fun. I don't think that the 702 00:37:33,440 --> 00:37:35,280 alternatives are that are that. Good. 703 00:37:35,280 --> 00:37:38,080 The DJ's will go back to the casino right away. 704 00:37:38,080 --> 00:37:40,800 The there's no like let me I'll tell you right now, let me go to 705 00:37:40,800 --> 00:37:44,840 the Otis Kitchen one second Here we have we can do the research 706 00:37:44,840 --> 00:37:47,720 on the show. Let me go to Wiz's chat Otis 707 00:37:47,720 --> 00:37:49,200 Kitchen. How many unread messages? 708 00:37:49,400 --> 00:37:53,160 1300 There you go. And they're already oh, this 709 00:37:53,160 --> 00:37:55,280 guy's like, I'm up almost 100% in the last hour. 710 00:37:55,280 --> 00:37:59,120 So he caught up. He caught a fucking pump phone 711 00:37:59,120 --> 00:38:00,360 already. There you go. 712 00:38:00,520 --> 00:38:02,640 Tend to. They're all buying shit coins. 713 00:38:03,120 --> 00:38:04,360 Yeah. So if they're doing that, then 714 00:38:04,360 --> 00:38:08,040 Ray is an obvious buyer because also on a valuation standpoint, 715 00:38:08,360 --> 00:38:10,800 I don't know what Ray market, Ray market cap is right now, 716 00:38:10,800 --> 00:38:12,560 radium. It's AI. 717 00:38:12,560 --> 00:38:13,600 Don't. I don't even care. 718 00:38:13,600 --> 00:38:16,400 All I saw is that it's $5 and that the chart looks like a 719 00:38:16,400 --> 00:38:20,640 chart that people won't buy. 1.65 billion. 720 00:38:20,840 --> 00:38:23,520 Look at this. I think 1 size six $5 billion 721 00:38:24,200 --> 00:38:29,960 market cap like it's, it's on track to burn nearly 40% of its 722 00:38:29,960 --> 00:38:32,360 market or 35% of its market cap this year. 723 00:38:32,800 --> 00:38:35,800 Yeah, I mean, this is like. That's crazy. 724 00:38:36,160 --> 00:38:40,040 That is honestly insane. I mean punk funded the lowest 725 00:38:40,200 --> 00:38:43,240 volume yesterday that it has since January 1st. 726 00:38:44,080 --> 00:38:47,360 Yeah, that's that's very fair. Yeah, no, that's fair. 727 00:38:47,360 --> 00:38:51,320 I just, it doesn't like it's, it's still just $1.5 billion. 728 00:38:51,320 --> 00:38:52,520 Like I don't care about pump font. 729 00:38:52,520 --> 00:38:54,480 Like pump font is not my only narrative to buy radio well. 730 00:38:54,880 --> 00:38:56,440 I'm not, this is not an attack on radio. 731 00:38:56,480 --> 00:38:59,000 I'm just more, I'm just trying to like think through like, what 732 00:38:59,000 --> 00:39:03,120 is the state of the trenches February 3rd through February 733 00:39:03,120 --> 00:39:05,120 7th like. The trenches are hurting, dude. 734 00:39:05,160 --> 00:39:07,160 The trenches is going to take it's going to take a little 735 00:39:07,160 --> 00:39:08,640 time. They're listening to the show 736 00:39:08,640 --> 00:39:11,880 What up, SG Simon Will, they're all saying hi for Hook in the 737 00:39:12,000 --> 00:39:12,800 kitchen. It's so funny. 738 00:39:13,440 --> 00:39:17,680 But you know, I think Tyler aftermath of Trump and Melania, 739 00:39:17,680 --> 00:39:19,440 we all know we're still in recovery mode. 740 00:39:19,880 --> 00:39:23,080 That's two weeks in plus $8 billion wiped. 741 00:39:23,360 --> 00:39:25,840 That's all the perp guys that got destroyed after all the meme 742 00:39:25,840 --> 00:39:30,480 guys got destroyed and now now I think it's just like this 743 00:39:30,480 --> 00:39:32,360 natural small reset. I'm really happy. 744 00:39:32,400 --> 00:39:34,440 I actually was hyped that Bob Lucas was aligned with what I've 745 00:39:34,440 --> 00:39:36,680 been seeing on the show. I've been staying end of fab 746 00:39:36,680 --> 00:39:39,000 like very early March is when this new cycle is going to start 747 00:39:39,000 --> 00:39:40,360 again and we're like we start going up. 748 00:39:40,560 --> 00:39:42,520 I think Tyler is going to be some sort of slow recovery and 749 00:39:42,520 --> 00:39:43,840 then the trenches like active again. 750 00:39:43,840 --> 00:39:47,040 Then what you need is a proper PVE token to go above like half 751 00:39:47,040 --> 00:39:50,400 a billion dollars here, not like APVP, like all the Jelly jellies 752 00:39:50,400 --> 00:39:54,040 of this world like and by the way, could we also talk about 753 00:39:54,040 --> 00:39:58,280 the signs that were there like here and study what we I think 754 00:39:58,280 --> 00:40:01,640 Austria is pretty much pretty OK this time around, but I think in 755 00:40:01,640 --> 00:40:04,200 general we as a market did wrong like there was a few. 756 00:40:04,320 --> 00:40:06,480 Signs here sign. This is the thing. 757 00:40:06,560 --> 00:40:09,080 They're signs the whole the whole way and I actually don't 758 00:40:09,080 --> 00:40:10,600 think this is. Yeah, but the signs got really 759 00:40:10,600 --> 00:40:12,920 big Mando this time, like at the end of this way. 760 00:40:13,880 --> 00:40:17,600 I think, I think what this shows is when this is actually the, 761 00:40:17,800 --> 00:40:21,200 when this is actually like a cycle top or like a local top, 762 00:40:22,800 --> 00:40:24,520 the. Local top signs were there 763 00:40:24,520 --> 00:40:25,360 though, right? If your. 764 00:40:25,480 --> 00:40:28,520 Point is not listed on major exchange for spot. 765 00:40:28,760 --> 00:40:30,440 For Spot, yeah. You cooked. 766 00:40:30,680 --> 00:40:37,080 It's over like it is just when capital shuts, I think Trump 767 00:40:37,160 --> 00:40:44,120 taking liquidity and then Melania into this like and none 768 00:40:44,120 --> 00:40:48,360 of the coins are on are on exchange spot like that is just. 769 00:40:48,760 --> 00:40:50,880 Yeah. That's a perfect storm. 770 00:40:51,520 --> 00:40:53,680 Yeah, there was that, but then you had and then you had just 771 00:40:53,680 --> 00:40:57,280 back-to-back grifts like Jelly Jelly, grift. 772 00:40:57,960 --> 00:41:00,560 Everything I think was grift. Everything was PvP. 773 00:41:00,600 --> 00:41:03,640 It was not even Pve bro. I feel like it's been that like 774 00:41:03,640 --> 00:41:06,920 that for 12 months. Though I know, but shit, you 775 00:41:06,920 --> 00:41:09,960 know how they they say keep count of all the top signals? 776 00:41:10,800 --> 00:41:13,280 It got really a lot within a very condensed part. 777 00:41:13,280 --> 00:41:15,080 Like you know before it was like 1 celebrity coin. 778 00:41:15,120 --> 00:41:18,480 OK, another celeb coin. OK, this time it was like boom, 779 00:41:18,680 --> 00:41:23,720 boom, boom, boom, boom, boom. We have Brent Johnson the other 780 00:41:23,720 --> 00:41:25,880 day fucking tweeted out, I'm going to drop a token. 781 00:41:25,880 --> 00:41:27,720 I was like, dude, I'm interviewing you next week. 782 00:41:27,720 --> 00:41:30,760 Let's just maybe not do that. Here's the thing, though. 783 00:41:30,840 --> 00:41:32,520 Everyone's going to forget this and they're going to tell the 784 00:41:32,520 --> 00:41:34,440 story incorrectly. Everyone's going to say that 785 00:41:34,640 --> 00:41:36,880 Trump was the local top. Of course they will. 786 00:41:36,880 --> 00:41:39,120 Actually, it was Melania. You go to the mean coin market, 787 00:41:39,120 --> 00:41:41,240 cap it. It peaked on December 8th. 788 00:41:42,960 --> 00:41:45,360 And that that December 8th was what? 789 00:41:45,720 --> 00:41:47,880 That did not feel. I mean, you never know. 790 00:41:47,880 --> 00:41:50,360 It's the top when it's the. Top it was when I was like, 791 00:41:51,120 --> 00:41:55,760 well. Guys, fart coin is back to 800 792 00:41:55,800 --> 00:41:59,120 million. Dollars WIF was like full 793 00:41:59,120 --> 00:42:00,480 sending. All these other coins are like 794 00:42:00,520 --> 00:42:05,200 full sending. Must coin is flying. 795 00:42:05,760 --> 00:42:08,880 I think doge as well. Doge had a massive run around, 796 00:42:08,880 --> 00:42:12,520 then Solano mean coins topped in November. 797 00:42:15,000 --> 00:42:17,160 Yeah, did they? Yeah, because then it was just a 798 00:42:17,160 --> 00:42:18,840 fart market for that longest time. 799 00:42:20,160 --> 00:42:21,800 Yeah, that's true. And AI market. 800 00:42:22,680 --> 00:42:26,120 So yeah, I mean, let's look at. OK, well then I guess we we're 801 00:42:26,120 --> 00:42:27,840 just bouncing on the show. May as well look at what's 802 00:42:27,840 --> 00:42:31,440 bouncing best and see what we think probably holds. 803 00:42:31,440 --> 00:42:35,120 I mean our FARC, our new FARC term internally is doing is, is 804 00:42:35,120 --> 00:42:39,880 not doing so bad with FARC coin. I mean FARC coins that 795 here. 805 00:42:41,520 --> 00:42:44,120 Wow arc is at. Where are you seeing 7? 806 00:42:44,280 --> 00:42:46,200 I'm seeing 507. Fifty, but maybe. 807 00:42:46,240 --> 00:42:51,000 I'm no 776 just refresh you got to look at it on. 808 00:42:51,240 --> 00:42:56,240 I'm on trading view so maybe. Oh, Dex, is that wrong? 809 00:42:56,560 --> 00:42:56,920 Maybe. Well. 810 00:42:57,280 --> 00:42:59,040 Let's jump on. It's 76 now. 811 00:42:59,040 --> 00:43:03,360 I can see the place. Yeah, it looks like the ones we 812 00:43:03,360 --> 00:43:09,040 said MLG is pro and and maybe some of the Mereb memes are 813 00:43:09,040 --> 00:43:11,600 bouncing. OK, Radium looks like it's about 814 00:43:11,600 --> 00:43:14,520 to reclaim 6 I'm. Literally just buying I, I I'm 815 00:43:14,520 --> 00:43:19,160 buying Radium like non-stop. I have a trading wallet that 816 00:43:19,160 --> 00:43:21,120 I've just been trading with. I don't touch my GLP and it's 817 00:43:21,120 --> 00:43:23,080 been doing really well. So I just like full ported that 818 00:43:23,080 --> 00:43:25,120 wallet to Radium for now and then we'll see. 819 00:43:25,400 --> 00:43:30,280 But if you're down, maybe we can pull up the AI board for a. 820 00:43:30,280 --> 00:43:32,240 Second here. Let's pull it up. 821 00:43:32,240 --> 00:43:33,200 Let's pull up. See. 822 00:43:33,200 --> 00:43:36,160 Look, yeah, reading's already up from that first buy. 823 00:43:36,360 --> 00:43:37,400 Nice. OK, so. 824 00:43:38,280 --> 00:43:40,040 Thank you for doing early today. I'll see you guys. 825 00:43:40,080 --> 00:43:42,880 Tomorrow, I too see you tomorrow, mando all right, man 826 00:43:42,920 --> 00:43:45,960 Tyler, now let's go to this and then let's go to your topics as 827 00:43:45,960 --> 00:43:48,800 well, because we do have plenty of time left, but let's pull the 828 00:43:48,840 --> 00:43:50,840 airborne first talk about this and then let's go to the topics 829 00:43:50,840 --> 00:43:56,520 of the day by market cap so far coin higher be rebound man OV 830 00:43:56,520 --> 00:44:00,280 again cooking on this AI60Z dip. I mean, it's funny because you 831 00:44:00,280 --> 00:44:04,200 say like the Oh my God. Celebrate. 832 00:44:04,280 --> 00:44:05,680 So like, let's put that out there right now. 833 00:44:05,680 --> 00:44:07,640 It is too early. Let's not celebrate guys. 834 00:44:07,680 --> 00:44:11,760 Let's not get overly bullish. Everything is not a lot. 835 00:44:13,080 --> 00:44:15,440 We have a little bit of relief. So it's just I'm, I'm fully 836 00:44:15,440 --> 00:44:18,520 conscious. I think it's down 80% like so 837 00:44:18,560 --> 00:44:20,680 don't, don't at me with that. You know. 838 00:44:21,800 --> 00:44:25,520 But I I stuck my neck out a little bit on Saturday and said 839 00:44:25,520 --> 00:44:28,880 this feels like capitulation. It was capitulation though, 840 00:44:28,880 --> 00:44:29,760 right? You were right. 841 00:44:29,760 --> 00:44:31,120 I don't think you were making a bold call. 842 00:44:31,640 --> 00:44:35,920 But still, a consensus take was this is what's happening to AI 843 00:44:35,920 --> 00:44:38,040 and memes right now. What the hell is going to happen 844 00:44:38,040 --> 00:44:42,040 when Bitcoin goes to 92? Oh, they will go dude, the fact 845 00:44:42,040 --> 00:44:45,680 that these memes Tyler were still above $350 million. 846 00:44:45,760 --> 00:44:47,960 You know what will happen when Bitcoin goes into a bear? 847 00:44:48,720 --> 00:44:51,560 AI 60 is going on 5 million. I think that's what people 848 00:44:51,560 --> 00:44:53,920 realize bear markets are. That's why like don't fall into 849 00:44:53,920 --> 00:44:57,640 the whole bear market thesis. Your bags will literally go to 850 00:44:58,080 --> 00:45:00,680 sub 10 million, like the ones at a billion. 851 00:45:00,680 --> 00:45:03,080 You know what I mean, Tyler? I mean. 852 00:45:03,480 --> 00:45:05,920 Yeah, but I don't think we're in a real bear. 853 00:45:06,280 --> 00:45:08,360 No. And I guess where I was going 854 00:45:08,360 --> 00:45:11,800 with that is, so we saw this massive capitulation on 855 00:45:11,800 --> 00:45:14,240 Saturday. Everything's down 30 to 40%. 856 00:45:14,240 --> 00:45:18,760 Yeah, 80% in 10 days. That was the day before the 857 00:45:18,760 --> 00:45:24,040 Bitcoin ETH sold capitulation. So Sunday night E 25% it went to 858 00:45:24,040 --> 00:45:26,400 2100. So I went to 176. 859 00:45:28,400 --> 00:45:34,640 Yeah, all of these didn't move. My, my point is it felt at least 860 00:45:34,640 --> 00:45:36,760 in the moment that there were, there were no sellers left. 861 00:45:38,080 --> 00:45:39,600 And again, it's too early to celebrate. 862 00:45:39,920 --> 00:45:42,600 But if you kind of look, if you've been monitoring this 863 00:45:42,600 --> 00:45:46,680 closely on a daily basis, I think there were some positive 864 00:45:46,680 --> 00:45:49,880 signs from Saturday till through this morning. 865 00:45:51,760 --> 00:45:55,680 For me, it was very positive to see these a lot of these AI 866 00:45:55,680 --> 00:46:00,040 leaders not dip anymore when when Bitcoin went to 92,000 and 867 00:46:00,040 --> 00:46:03,200 ETH went to 2100, because I think a lot of folks thought 868 00:46:03,200 --> 00:46:05,160 that would just be like, all right, they're they're literally 869 00:46:05,160 --> 00:46:11,520 going to 0 here and they didn't. Now I don't think we're just I 870 00:46:11,520 --> 00:46:13,760 don't I would love if we V shape or cover. 871 00:46:14,160 --> 00:46:16,360 It's kind of hard to see that. I think it's going to take some 872 00:46:16,360 --> 00:46:21,280 time probably to this damage. Maybe we just kind of 873 00:46:21,920 --> 00:46:24,240 consolidate in some of the the clear leaders. 874 00:46:25,080 --> 00:46:28,600 I mean 4 coins up 32. Yeah, I mean, I was the lady 875 00:46:28,600 --> 00:46:31,000 that I was talking, I was texting with the boys right now 876 00:46:31,000 --> 00:46:32,280 and they all would be like mid cap. 877 00:46:32,840 --> 00:46:39,120 Like it's just like you could I like to do this. 878 00:46:39,120 --> 00:46:41,040 Tyler and I actually tried this weekend and worked out really 879 00:46:41,040 --> 00:46:44,520 well for me. So I only traded MLG for fun up 880 00:46:44,520 --> 00:46:46,880 and down. I actually did really well 881 00:46:48,160 --> 00:46:50,240 because the volatility on these meme coins is insane. 882 00:46:50,640 --> 00:46:52,280 Obviously can't do with size, right? 883 00:46:52,280 --> 00:46:54,720 So let's do with like mid 5 figures, high 5 figures, let's 884 00:46:54,720 --> 00:46:59,040 say every time in and out and it just works out like you could 885 00:46:59,040 --> 00:47:02,360 trade these like day in, day out and far coins. 886 00:47:02,360 --> 00:47:04,240 Just a great one to trade because it's got a lot of 887 00:47:04,240 --> 00:47:09,240 liquidity, it's got some nice volatility and look at just 888 00:47:09,240 --> 00:47:11,800 prove that you know the second thing, there's a relief. 889 00:47:11,800 --> 00:47:15,880 This is the one that goes up. It's nice to see again this is. 890 00:47:15,880 --> 00:47:17,560 500 million. Caveat. 891 00:47:17,720 --> 00:47:20,280 Like I'm very well aware, like we had, we had two candles just 892 00:47:20,280 --> 00:47:22,800 like this five days ago. Yeah, here. 893 00:47:22,960 --> 00:47:24,200 Then we knew it's another 50. Percent. 894 00:47:24,200 --> 00:47:25,160 Then we knew. Yeah, right there. 895 00:47:25,360 --> 00:47:27,720 I'm very conscious of that and and in no way do I think we're 896 00:47:27,720 --> 00:47:31,480 out of the woods, but it's nice to see. 897 00:47:32,040 --> 00:47:35,880 And if there is less capital left in the trenches, I think 898 00:47:35,880 --> 00:47:39,040 there's a scenario where folks consolidate into winners. 899 00:47:39,040 --> 00:47:41,840 And I think there's a scenario where folks kind of get out of 900 00:47:41,840 --> 00:47:46,080 the trenches for a little bit. Like if you traded, you 901 00:47:46,080 --> 00:47:48,320 literally you had to be at the desk constantly. 902 00:47:48,600 --> 00:47:51,040 You couldn't check out for more than an hour or two. 903 00:47:51,720 --> 00:47:57,280 Yeah, I, yeah, I agree with you. I just think I, I, I think the 904 00:47:57,280 --> 00:47:59,800 people not leaving the trenches, they're going to go find another 905 00:47:59,800 --> 00:48:02,320 $100 paycheck, $2000 paycheck, like they're going to people 906 00:48:02,760 --> 00:48:05,720 like I, I don't, I don't. Think it was a zero. 907 00:48:05,720 --> 00:48:09,680 I think it slowed down. It was yeah, yeah. 908 00:48:10,080 --> 00:48:13,040 Like we had two weeks of mania following Trump. 909 00:48:13,240 --> 00:48:16,440 It was the most liquid the the trenches had ever been, but 910 00:48:16,440 --> 00:48:20,920 everyone got wrecked except for Frank and a handful of others. 911 00:48:24,280 --> 00:48:26,360 Yeah, we'll see. It's going to be it's going to 912 00:48:26,360 --> 00:48:28,800 be an interesting week. We've got Sachs talking about 913 00:48:28,840 --> 00:48:32,480 digital assets, a big presser. Another bullish asset. 914 00:48:32,480 --> 00:48:35,800 Bullish, you know. Hopefully bullish. 915 00:48:36,560 --> 00:48:40,440 Yeah, I just like, I don't know, I think a lot of these bounces 916 00:48:40,440 --> 00:48:42,360 will be dead cats. Like, you know, exactly how I 917 00:48:42,360 --> 00:48:44,080 feel about some of the bags that you're talking about. 918 00:48:44,080 --> 00:48:49,800 But I don't want to fight in public but but I think a lot of 919 00:48:49,800 --> 00:48:51,520 them. Make right now right it's like 920 00:48:51,520 --> 00:48:55,760 is this dead cat like yeah we're up but it's down 80% I'm. 921 00:48:55,840 --> 00:48:59,320 More worried about utility here, utility memes, not like the 922 00:48:59,320 --> 00:49:01,200 radiums and stuff because utility utility coins, but 923 00:49:01,200 --> 00:49:03,400 utility memes because I think they've seen their real value. 924 00:49:03,400 --> 00:49:06,000 And if not overvalued still like a lot of this shit is like so 925 00:49:06,000 --> 00:49:10,600 fucking like useless in terms of like like, I don't know, like I 926 00:49:10,600 --> 00:49:12,960 just a lot of the acorns were useless to start with and 927 00:49:12,960 --> 00:49:15,280 they're even more useless now that the price is lower because 928 00:49:15,280 --> 00:49:17,480 the memetic value of this was up And you're like, Oh my God, it's 929 00:49:17,480 --> 00:49:20,640 amazing because this bag is up. So memetically it's useful 930 00:49:20,640 --> 00:49:23,800 because it's making you money. But then when it's down, so not 931 00:49:23,800 --> 00:49:26,360 only are they losing money, but on the top of that, you're not 932 00:49:26,360 --> 00:49:28,880 even using the fucking product, right, which we were talking 933 00:49:28,880 --> 00:49:30,880 about last week. It's like it's a double downer 934 00:49:31,440 --> 00:49:34,640 and then it's like 250 million. Like why is this still 250 mil? 935 00:49:34,960 --> 00:49:38,320 Like what is this like a XBT agent is like $400 million? 936 00:49:38,320 --> 00:49:40,400 Like do you guys really think at this stage it's worth 300 and 937 00:49:40,400 --> 00:49:42,360 $400 million for the terminal access? 938 00:49:42,640 --> 00:49:45,680 No, but hey, mimetically it is because it's still the number 939 00:49:45,680 --> 00:49:49,920 one KOL on Kaido, right? So at least there's that, but 940 00:49:49,920 --> 00:49:51,640 the rest don't have the KOL status. 941 00:49:54,200 --> 00:49:57,240 My view on AI was that it was a bubble, but I thought the bubble 942 00:49:57,240 --> 00:49:59,960 was going to get bigger. Yeah, bubble certainly burst. 943 00:50:00,280 --> 00:50:03,480 So it's hard. Yeah, it's harder to see just 944 00:50:03,480 --> 00:50:05,200 the current crop, just like all V. 945 00:50:05,200 --> 00:50:09,080 Shaped it's tough right? It's scary, but that's where the 946 00:50:09,080 --> 00:50:11,640 money is made like Ovie, you know he's been tweeting about 947 00:50:11,640 --> 00:50:12,560 it. He's been talking to you and I 948 00:50:12,560 --> 00:50:16,400 about this a lot he's like dipping only in AI16Z and arc 949 00:50:16,840 --> 00:50:19,840 and he's bought and technically speaking he's up big in terms of 950 00:50:19,840 --> 00:50:22,160 like percentage so far. Now let's see if sustained, of 951 00:50:22,160 --> 00:50:25,760 course, but not everyone's like Ovie. 952 00:50:26,280 --> 00:50:29,080 Like Ovie thrives in these markets. 953 00:50:29,080 --> 00:50:31,320 I have been obviously his friend for four years now. 954 00:50:32,080 --> 00:50:36,360 And so I've seen every time he did this, he made a fucking like 955 00:50:36,880 --> 00:50:38,560 ridiculous amount of money, right? 956 00:50:38,560 --> 00:50:41,800 Like generational wealth he's made on days like yesterday. 957 00:50:41,800 --> 00:50:42,760 I think there's lessons in there. 958 00:50:42,760 --> 00:50:46,360 So Tyler, like, you know, like guys like Mindo waking up three 959 00:50:46,360 --> 00:50:48,920 in the morning, seeing Solana down to 170 and just slamming 960 00:50:48,920 --> 00:50:52,120 the by like shit like that is what makes proper traders versus 961 00:50:52,120 --> 00:50:55,080 the rest that will probably buy just sold at two O 8 here. 962 00:50:55,080 --> 00:50:56,680 And then what if we retrace again? 963 00:50:56,680 --> 00:50:59,120 They'll lose again, you know. Yeah, I mean while the AOL 964 00:50:59,120 --> 00:51:03,040 yappers are are bear posting to get yap points, you had a lot of 965 00:51:03,040 --> 00:51:05,920 serious traders saying that that was the dip to buy. 966 00:51:06,120 --> 00:51:08,400 I think it's important to study that Tyler and to bring that to 967 00:51:08,400 --> 00:51:09,640 light. I mean you get to see it now 968 00:51:09,640 --> 00:51:11,160 like first time because you're in the chat for more. 969 00:51:11,160 --> 00:51:14,600 You see OV Mandelhog, they trade, but I think it's like the 970 00:51:14,600 --> 00:51:16,520 Wiz is like these guys are buying, man. 971 00:51:16,520 --> 00:51:18,800 These guys like when they see red, red, red, red, red, red, 972 00:51:18,800 --> 00:51:22,760 they just like bid. But again, you can't bid on the 973 00:51:22,760 --> 00:51:24,000 first red. And I think we've seen that. 974 00:51:24,000 --> 00:51:26,360 Tyler, right? Friday, Saturday, Saturday, 1st 975 00:51:26,560 --> 00:51:29,560 wave of red, Sunday night. You're liquidated if you're 976 00:51:29,560 --> 00:51:35,400 along on Saturday. I'm thinking through all this 977 00:51:35,600 --> 00:51:36,720 right now. Just live on the show. 978 00:51:36,720 --> 00:51:40,080 So Big 99,000. Let's here, let's, let's, well, 979 00:51:40,080 --> 00:51:42,720 now the shit's changed, so let's go through prices again. 980 00:51:44,000 --> 00:51:49,560 This is a huge rebound. Bitcoins 99,000 and you know 981 00:51:49,560 --> 00:51:54,240 what's going to happen? We're going to go above back to 982 00:51:54,240 --> 00:51:57,800 one O 6. We're going to go to one O 6 983 00:51:57,800 --> 00:52:01,240 from here in the next few days. We're going to get too bullish 984 00:52:01,240 --> 00:52:03,280 and then on Sunday we're going to get slapped down. 985 00:52:04,080 --> 00:52:05,480 Can you imagine if that happens again? 986 00:52:05,720 --> 00:52:08,080 It's going to happen. I genuinely believe that our 987 00:52:08,080 --> 00:52:09,440 pump. I know I tweeted like new highs 988 00:52:09,440 --> 00:52:11,960 in Feb, but what I meant was read like last last like end of 989 00:52:11,960 --> 00:52:15,440 Feb, like I always meant that. I genuinely think you're still 990 00:52:15,440 --> 00:52:20,960 ranged like this like to here and then perhaps we break out 991 00:52:20,960 --> 00:52:21,840 here. I hope so. 992 00:52:21,840 --> 00:52:24,120 That would put us at what? How much of how long chop? 993 00:52:24,520 --> 00:52:26,960 Say let's say we tap out like second week of March. 994 00:52:27,600 --> 00:52:31,080 That would be 118 days of chop. What's 118 days in months? 995 00:52:31,720 --> 00:52:34,560 Four months. Four months, so that yeah, four 996 00:52:34,560 --> 00:52:38,200 months that that would. So this is 9 months. 997 00:52:38,200 --> 00:52:41,160 Yeah, Against typically, you know, everyone thinks selling 998 00:52:41,160 --> 00:52:43,600 may go away type things. So like that's why I was asking 999 00:52:43,600 --> 00:52:45,680 Amanda what breaks the range. I think he he was talking about 1000 00:52:45,680 --> 00:52:47,240 to the downside. I actually was talking about to 1001 00:52:47,240 --> 00:52:48,480 the upside. Yeah, we got to ask him again 1002 00:52:48,480 --> 00:52:53,960 tomorrow. This is it's that's still, I'm 1003 00:52:54,040 --> 00:52:56,080 just kind of scratching my head like what? 1004 00:52:56,600 --> 00:53:00,000 But also like what threw me off today and why I wasn't long, 1005 00:53:00,000 --> 00:53:01,640 even though I knew Monday morning was the time to go along 1006 00:53:01,640 --> 00:53:05,840 was punk 6529 and basically said, if you you've been bullish 1007 00:53:05,840 --> 00:53:08,480 on the ETFs, but you haven't experienced like a red day for 1008 00:53:08,480 --> 00:53:09,240 the ETFs. So. 1009 00:53:09,240 --> 00:53:12,000 Yeah. But we have though, we have 1010 00:53:12,000 --> 00:53:14,600 though we had days where there was outflows of hundreds of 1011 00:53:14,600 --> 00:53:18,960 millions of dollars on the ETFs. You're right, I thought today 1012 00:53:18,960 --> 00:53:22,880 might be a red day for the ETFs and does not look like that's 1013 00:53:22,880 --> 00:53:24,560 the case. By the boomers are probably 1014 00:53:24,560 --> 00:53:27,920 today's probably going to be a top day for Ethereum. 1015 00:53:28,040 --> 00:53:32,080 I should we put calls out there. I think today is going to be the 1016 00:53:32,080 --> 00:53:36,160 greenest Etherium ETF day since ETF started for ease. 1017 00:53:37,280 --> 00:53:39,720 Yeah, I think that's I think that's the right call. 1018 00:53:39,720 --> 00:53:42,880 Because boomers trade like Ovi and Mendo, they're trapped by 1019 00:53:43,160 --> 00:53:46,000 they're buying blood. They're believe this in the bull 1020 00:53:46,000 --> 00:53:48,320 market for America. Unless like Trump shook him off 1021 00:53:48,320 --> 00:53:49,400 this weekend. By the way, that would change, 1022 00:53:49,400 --> 00:53:52,200 right? But they just got the news of 1023 00:53:52,200 --> 00:53:55,480 the tariffs being paused and it's fucking 1046 PMAM Eastern 1024 00:53:55,480 --> 00:53:58,600 Standard Time markets, markets been open one hour since this 1025 00:53:58,600 --> 00:54:00,120 tariff has been paused. These guys are buying. 1026 00:54:01,480 --> 00:54:04,280 As this before on the show, it's like when I when I said to my 1027 00:54:04,280 --> 00:54:07,400 wife in 2020, December 2020, January 2021, we decided to 1028 00:54:07,400 --> 00:54:08,880 build a position in Bitcoin and ETH. 1029 00:54:09,400 --> 00:54:12,240 I was at euphoric on days like this because I got a cheaper 1030 00:54:12,240 --> 00:54:13,560 entry. Yeah. 1031 00:54:13,720 --> 00:54:16,120 There's a wave of people who have made the decision in the 1032 00:54:16,120 --> 00:54:19,120 last three months, like did they want to start buying Bitcoin? 1033 00:54:20,120 --> 00:54:22,800 FAR Coins 900. A year time horizon and and if 1034 00:54:22,800 --> 00:54:25,440 you're going to buy on a multi year time horizon then you love 1035 00:54:25,440 --> 00:54:27,320 the red days. Oh my God. 1036 00:54:27,600 --> 00:54:31,520 What is far coin at? It's about to I'm I'm asking my 1037 00:54:31,520 --> 00:54:34,560 friend if he bought I I late yesterday night. 1038 00:54:35,280 --> 00:54:40,080 I was like there is no downside to buying far coin at 6:50. 1039 00:54:40,400 --> 00:54:42,720 I texted him that I just, I'm just praying he bought George. 1040 00:54:42,720 --> 00:54:44,200 If you listen to the show up to tell me he bought it. 1041 00:54:46,080 --> 00:54:50,720 I that like I I just saw zero risk in my mind buying far coin 1042 00:54:50,720 --> 00:54:54,560 last night at 6:50. Of course, there's never 0 risk, 1043 00:54:54,560 --> 00:54:58,120 so I'm speaking in a little amplified, but you know what I 1044 00:54:58,120 --> 00:55:01,600 mean, Risk. Risk when it's down 80% from a 1045 00:55:01,600 --> 00:55:04,400 high. Dude, we got beat man. 1046 00:55:04,920 --> 00:55:06,880 Then it wasn't 275. I shared my tweet. 1047 00:55:07,600 --> 00:55:10,680 Maybe it was a local top sign when I was screaming APEX as far 1048 00:55:10,680 --> 00:55:13,920 as 275. I mean, dude, we were, we were 1049 00:55:13,920 --> 00:55:16,240 wait, you and I were wait till euphoric at the top, dude. 1050 00:55:16,240 --> 00:55:17,720 Like we were like we were losing their minds. 1051 00:55:17,720 --> 00:55:19,680 I mean, that was like looking at crazy shit on mine, dude. 1052 00:55:19,800 --> 00:55:25,760 So you know. Yeah, if we if you want, we can 1053 00:55:25,760 --> 00:55:29,400 do a quick run down the news and then kind of get back to get 1054 00:55:29,400 --> 00:55:31,640 back to a chat here. A little bit. 1055 00:55:34,120 --> 00:55:35,480 This is just some wild price action. 1056 00:55:35,480 --> 00:55:39,760 It's fun to watch it all live. Seoul is two O 9. 1057 00:55:39,760 --> 00:55:45,480 It was 190 around 8:00 AM central time. 1058 00:55:51,700 --> 00:55:54,100 If Bitcoin gets back over, is is today 100K day? 1059 00:55:55,020 --> 00:55:56,940 Yeah, bro, we're gonna tap on, OK? 1060 00:55:57,180 --> 00:55:59,460 3. Well I mean we could literally 1061 00:55:59,460 --> 00:56:03,560 tap on OK in the next 5 minutes. It looks like it. 1062 00:56:04,760 --> 00:56:08,840 Like you know whoever caught ETH The 2100 GGS bro. 1063 00:56:09,640 --> 00:56:16,440 Yeah, 2728, so that's up a full 15%. 1064 00:56:16,520 --> 00:56:18,920 Like you could have gotten a 2400 for sure last night. 1065 00:56:19,280 --> 00:56:22,440 You could have gotten lower or if you were on certainly, but 1066 00:56:22,440 --> 00:56:28,040 like anyone could have gotten into 24 what a market it's. 1067 00:56:28,040 --> 00:56:30,640 Just so funny. The good thing about bullposting 1068 00:56:30,640 --> 00:56:33,800 24/7 is I'm bullposting in 90K. I'm bullposting at one O 8 Ki 1069 00:56:33,800 --> 00:56:35,680 don't give a fuck. I'm bullish 24/7. 1070 00:56:36,520 --> 00:56:41,240 Hey, there is no, you know nothing stops the strain. 1071 00:56:41,280 --> 00:56:45,680 In the words of Hunter Horsley, absolutely nothing stops the 1072 00:56:45,680 --> 00:56:47,520 strain. It's so funny to me. 1073 00:56:47,520 --> 00:56:51,040 Dude, yesterday we're at the computer seeing like fucking 178 1074 00:56:51,040 --> 00:56:52,800 Solana. Everyone's like slammed the by. 1075 00:56:53,200 --> 00:56:55,920 What a cook. I wish I had more money in that 1076 00:56:55,920 --> 00:56:58,800 trading wallet. I don't have a Horsley post, I'm 1077 00:56:58,800 --> 00:57:02,960 gonna see if I can find it. He had a really good he posted a 1078 00:57:02,960 --> 00:57:05,280 thread effectively let. Me see when? 1079 00:57:05,960 --> 00:57:07,760 Oh, wait, did we did we go through this on Friday's show? 1080 00:57:08,200 --> 00:57:10,160 Maybe we did. So I don't want to. 1081 00:57:10,160 --> 00:57:11,640 We don't need to repeat ourselves too deeply. 1082 00:57:11,640 --> 00:57:15,400 But basically he, he compared the ETFs to oil tankers. 1083 00:57:16,760 --> 00:57:23,120 He said that these things can't turn like speed boats. 1084 00:57:23,120 --> 00:57:26,080 And historically, crypto and Bitcoin have traded like speed 1085 00:57:26,080 --> 00:57:30,400 boats. Now they're they're moving like 1086 00:57:30,560 --> 00:57:32,600 oil tankers. And what he means by that is you 1087 00:57:32,600 --> 00:57:37,680 can't just change bullish to to bearish on the tournament dime 1088 00:57:38,600 --> 00:57:41,160 effectively. And that his point is like we'll 1089 00:57:41,160 --> 00:57:45,040 see 15 to 30% drawdowns in a much longer grind up cycle. 1090 00:57:46,880 --> 00:57:49,400 And I think we just saw another evidence of that. 1091 00:57:49,760 --> 00:57:52,960 So Bitcoin 15% drawdown roughly when it hit 92. 1092 00:57:55,320 --> 00:58:01,800 Now back to that, we'll see. I think it's a good reminder 1093 00:58:02,360 --> 00:58:04,520 that's just so aligned. I keep bringing this up because 1094 00:58:04,520 --> 00:58:08,640 I think so many people still think that top is in or close 1095 00:58:09,640 --> 00:58:13,920 and it's just that the, the ETF tanker is just getting started. 1096 00:58:14,080 --> 00:58:18,200 Like a like how, how are you calling TOP? 1097 00:58:18,920 --> 00:58:20,160 I just, I'll never understand that. 1098 00:58:22,920 --> 00:58:25,000 I I know, I know, I know, I know. 1099 00:58:25,160 --> 00:58:32,200 It's it's so funny. Oh, my God, Yeah, the market is 1100 00:58:32,200 --> 00:58:36,000 hilarious, honestly. Market is absolutely hilarious. 1101 00:58:42,080 --> 00:58:46,400 That is. Yeah, that is really funny. 1102 00:58:46,400 --> 00:58:48,160 I'm just looking at the markets right now like we're about to 1103 00:58:48,160 --> 00:58:50,960 hit 100 count on the show. 994 Wow. 1104 00:58:52,360 --> 00:58:54,920 Clockwork, dude, it's the same thing. 1105 00:58:54,960 --> 00:58:57,240 We're like, live on the record. It's easy. 1106 00:58:57,360 --> 00:58:59,520 People can't even say we don't say this because we're on the 1107 00:58:59,520 --> 00:59:01,440 record. Five days a week. 1108 00:59:03,560 --> 00:59:07,600 We have like, yeah. Ibiza Summer 25 is back on, 1109 00:59:07,600 --> 00:59:08,640 boys. Thank you. 1110 00:59:08,640 --> 00:59:10,480 Fart Coin. I love that. 1111 00:59:10,800 --> 00:59:12,760 I love that. Oh, he did. 1112 00:59:12,760 --> 00:59:14,920 Let's go. My boy bought Fart Coin last 1113 00:59:14,920 --> 00:59:17,640 night. Let's go, fuck yes, 'cause he 1114 00:59:17,640 --> 00:59:19,240 texted me last night, like, dude, I'm really feeling. 1115 00:59:19,240 --> 00:59:21,320 I'm like, this is where you buy. Like, I was like, oh, he's 1116 00:59:21,320 --> 00:59:22,720 buying 'cause he loves to like this in his show. 1117 00:59:22,720 --> 00:59:24,760 I'm like, yo, all the boys you listen to are buying right now. 1118 00:59:24,760 --> 00:59:27,800 Like, you know what I mean? Everyone I know was buying 1119 00:59:27,800 --> 00:59:31,040 yesterday that I consider somewhat smart traders. 1120 00:59:31,680 --> 00:59:33,280 All right, what else did we miss? 1121 00:59:33,280 --> 00:59:37,760 Some big headlines here. A couple also like India 1122 00:59:37,760 --> 00:59:40,520 announced it's reviewing its stance on crypto due to 1123 00:59:40,520 --> 00:59:42,360 shifting. I saw that looks like that's 1124 00:59:42,520 --> 00:59:44,920 they're the biggest country by population, fifth biggest by 1125 00:59:44,920 --> 00:59:48,160 GDP. Grayscale filed for a DOGE ETF, 1126 00:59:49,440 --> 00:59:52,680 which I do think that is big news for the meme coin market. 1127 00:59:53,680 --> 00:59:57,960 And I think some folks have called, you know, forever top on 1128 00:59:57,960 --> 00:59:58,960 memes. I don't know. 1129 00:59:59,640 --> 01:00:02,760 I think my current view actually, if you pull up the 1130 01:00:02,760 --> 01:00:05,000 meme here, let me see if I can get this to you. 1131 01:00:05,600 --> 01:00:06,800 Maybe we'll check out this for a second. 1132 01:00:09,160 --> 01:00:11,840 It's been a decent amount of time thinking about the meme 1133 01:00:11,840 --> 01:00:14,560 coins yesterday. Shocker. 1134 01:00:16,400 --> 01:00:21,240 So basically if you zoom out like we had a huge parabola up 1135 01:00:21,760 --> 01:00:29,480 on memes, Q 12024 pulled back for about 6 months, Autumn in 1136 01:00:29,480 --> 01:00:33,760 September, started grinding up parabola up into December, and 1137 01:00:34,360 --> 01:00:37,760 now we're going home. Where is you seeing this? 1138 01:00:38,360 --> 01:00:40,920 I'm on the link. Go to that market cap chart. 1139 01:00:41,400 --> 01:00:47,240 If you get rid of that, yeah, expand that and go to like the 1140 01:00:47,240 --> 01:00:49,320 all Yeah, so you can see. All right. 1141 01:00:50,080 --> 01:00:51,440 This is a one year. There you go. 1142 01:00:53,560 --> 01:00:57,920 So I, I, my wow, we're going to range a little bit, but I still 1143 01:00:57,920 --> 01:01:00,760 think we go higher. I wish we had this in with bars, 1144 01:01:02,480 --> 01:01:04,400 but yeah, this is nice. We you know what? 1145 01:01:04,400 --> 01:01:08,160 We should also look at Tyler is the total 3 market cap. 1146 01:01:08,400 --> 01:01:12,920 Yeah, because that's I think that could be a better because 1147 01:01:12,960 --> 01:01:15,880 memes trade with alts, right Ish. 1148 01:01:16,240 --> 01:01:17,880 Yeah. Ish. 1149 01:01:18,160 --> 01:01:19,320 Maybe not. Maybe I'm wow. 1150 01:01:21,560 --> 01:01:23,320 It's all like Eat is the big dog here. 1151 01:01:23,320 --> 01:01:25,720 So yeah. Did you see XRP yesterday? 1152 01:01:26,480 --> 01:01:31,920 XRP got whacked a bit too. What do we think? 1153 01:01:31,920 --> 01:01:32,520 Are we? Are we? 1154 01:01:32,600 --> 01:01:36,640 This was this bottom tough to call bottom hall. 1155 01:01:36,640 --> 01:01:39,040 You don't want to call it. I mean, if the tariff thing is 1156 01:01:39,040 --> 01:01:41,320 off. If the tariff, yeah, no. 1157 01:01:41,480 --> 01:01:43,840 But then like, it's also like, what's he going to do next week? 1158 01:01:44,120 --> 01:01:45,520 Yeah. We're just. 1159 01:01:45,520 --> 01:01:47,520 We'll get the thing. Yeah, we're in a Trump market 1160 01:01:47,520 --> 01:01:49,800 now, so. Yeah, we're in this volatility. 1161 01:01:50,280 --> 01:01:52,760 It's hard to say, like it's something else going to come 1162 01:01:52,760 --> 01:01:55,160 that drives us to 9288 K Bitcoin. 1163 01:01:55,160 --> 01:01:56,800 Like we just saw how fast it can happen. 1164 01:01:57,000 --> 01:02:00,040 So it's hard to sit up here and say like, oh, we're never going 1165 01:02:00,040 --> 01:02:01,800 to go lower than we did yesterday. 1166 01:02:02,160 --> 01:02:05,600 Yeah, no, no chance. But I, I think it's a pretty 1167 01:02:05,600 --> 01:02:07,560 nice new bond. Wow. 1168 01:02:09,800 --> 01:02:11,440 But also what happened like stocks aren't even down. 1169 01:02:11,440 --> 01:02:14,920 So that's another thing. So like if something drives the 1170 01:02:14,920 --> 01:02:18,480 stock market down 15 to 20%, we probably lower, right? 1171 01:02:20,440 --> 01:02:23,040 Well, maybe even more bullish last night is Mendel saw the 1172 01:02:23,080 --> 01:02:25,160 futures open and he laughed. Remember. 1173 01:02:26,160 --> 01:02:28,600 He was like -1 1/2 percent. He was like you guys are 1174 01:02:28,600 --> 01:02:32,840 freaking out over point 1.5% move down like what? 1175 01:02:34,400 --> 01:02:39,120 It really was wild. You had a couple other things 1176 01:02:39,120 --> 01:02:41,800 from the weekend. So Igloo, the the Pudge Penguin 1177 01:02:41,800 --> 01:02:46,760 parent helped tease like a new lever to get institutional 1178 01:02:47,240 --> 01:02:50,560 capital into Pingu, which some people interpreted as some kind 1179 01:02:50,560 --> 01:02:55,280 of a Pingu ETF, which would certainly be a very interesting 1180 01:02:55,280 --> 01:02:59,000 development if if indeed that comes to fruition. 1181 01:03:00,320 --> 01:03:03,120 And then NFTS Sam Spratt debuted his masquerade. 1182 01:03:04,800 --> 01:03:06,600 I shared a little bit of the details of this. 1183 01:03:07,480 --> 01:03:10,400 So basically people who hold the skulls and the players, they're 1184 01:03:10,400 --> 01:03:12,240 going to be able to attend this masquerade. 1185 01:03:12,560 --> 01:03:14,960 They'll get this mask NFT. They also can invite one of the 1186 01:03:14,960 --> 01:03:18,120 person kicker, the master 2.56 ETH. 1187 01:03:19,280 --> 01:03:23,600 Certainly not cheap in in this market, but you know if anyone 1188 01:03:23,600 --> 01:03:25,800 can pull them off Sam, it is certainly up there. 1189 01:03:27,000 --> 01:03:29,080 Definitely. These people can either invite a 1190 01:03:29,080 --> 01:03:30,960 guest, they can collect it for themselves or release it to the 1191 01:03:30,960 --> 01:03:33,000 public. Claim runs February 4th through 1192 01:03:33,000 --> 01:03:36,000 6th and the Masquerade will start from there. 1193 01:03:36,000 --> 01:03:41,120 We saw those players run up to a 90th floor ahead of this Wow, 1194 01:03:41,680 --> 01:03:45,080 which is pretty damn big, right in this NFT market because we 1195 01:03:45,080 --> 01:03:46,920 don't really see, we're not seeing a whole lot of action 1196 01:03:46,920 --> 01:03:48,960 like the PF, PS are all down pretty bad. 1197 01:03:51,560 --> 01:03:53,880 So that's going to be 1 to watch. 1198 01:03:53,880 --> 01:03:55,880 It might fly under the radar just because of everything else 1199 01:03:55,880 --> 01:03:56,640 happening. Of course. 1200 01:03:56,760 --> 01:03:58,200 We're getting overshadowed right now. 1201 01:03:59,520 --> 01:04:01,440 So that one's going to be interesting. 1202 01:04:01,960 --> 01:04:04,040 That's, I mean that's the the main stuff. 1203 01:04:04,160 --> 01:04:06,680 Yeah, looks like we, we, I mean, we already talked about all of 1204 01:04:06,680 --> 01:04:11,680 this good stuff. Oh, I mean prediction markets 1205 01:04:11,680 --> 01:04:15,000 Cauchy good Grace with Robin huge. 1206 01:04:16,320 --> 01:04:19,680 Huge man, that was like where I shared it. 1207 01:04:19,680 --> 01:04:24,720 Hold on, that is massive. I mean cow sheep, you know, 1208 01:04:24,720 --> 01:04:27,560 announcing that they're going to, you know, the first pressure 1209 01:04:27,560 --> 01:04:29,200 market to launch a Robin Hood as a broker. 1210 01:04:29,560 --> 01:04:31,360 Thus, you know, that's going to bring a lot of liquidity into 1211 01:04:31,360 --> 01:04:33,080 these prediction markets because there's a lot of pressure 1212 01:04:33,080 --> 01:04:35,360 markets that need more the markets need liquidity, right 1213 01:04:35,440 --> 01:04:38,400 and volume, and it can always be just inflated volumes or like 1214 01:04:38,400 --> 01:04:40,720 market makers playing the game like you need more people play 1215 01:04:40,840 --> 01:04:44,240 doing it. So so this is this is a big win 1216 01:04:44,240 --> 01:04:45,560 for prediction markets. We're very excited. 1217 01:04:45,560 --> 01:04:48,120 I mean, we, we actually have been exploring this exact model 1218 01:04:48,120 --> 01:04:51,120 forever. We've been building a, a 1219 01:04:51,120 --> 01:04:53,920 proposal that's going to go out to exchanges so that people can 1220 01:04:53,920 --> 01:04:56,080 like, you know, have access to production markets across 1221 01:04:56,080 --> 01:04:57,640 different exchanges. So we've been actually like 1222 01:04:58,040 --> 01:05:00,920 working on this for a few months now ready for the eventually 1223 01:05:00,920 --> 01:05:02,960 when our, our USD markets launch. 1224 01:05:02,960 --> 01:05:06,120 So should be good. We're very close this month 1225 01:05:06,120 --> 01:05:08,520 still. So we're we're getting there. 1226 01:05:08,520 --> 01:05:10,840 But it's exciting, man. Kaushi is what's good is what's 1227 01:05:10,840 --> 01:05:13,800 funny is like Polymarket took the 0 to one right? 1228 01:05:14,000 --> 01:05:16,880 Clearly. But Kaushi seems to be trying to 1229 01:05:16,880 --> 01:05:18,920 taking it like that one step further. 1230 01:05:19,120 --> 01:05:21,720 You're pushing. Yeah, they're they're kind of 1231 01:05:21,720 --> 01:05:24,880 eating the launch, launch, launch over like the poll 1232 01:05:24,880 --> 01:05:27,720 market, like, you know, issues, I guess, you know, FBI rated the 1233 01:05:27,720 --> 01:05:29,880 DI like they're kind of like they're being targeted because 1234 01:05:29,880 --> 01:05:33,200 of the political stuff. But it seems like Kel, she's 1235 01:05:33,200 --> 01:05:37,080 here to to really give him a run for their money and then then 1236 01:05:37,080 --> 01:05:40,800 incomes myriad, you know, like those two people fighting me and 1237 01:05:40,800 --> 01:05:44,160 the other guy with the bong. Oh, that's a great meme. 1238 01:05:44,160 --> 01:05:47,400 I'm going to post that. I'm going to I'm going to post 1239 01:05:47,400 --> 01:05:48,960 that. I'm going to post. 1240 01:05:49,760 --> 01:05:51,960 Yeah, thinking that. All right, well, look, that was 1241 01:05:51,960 --> 01:05:54,040 a good. I think that was a good. 1242 01:05:55,000 --> 01:05:57,880 I think we did a good recap. I'm glad we started a little 1243 01:05:57,880 --> 01:06:00,880 earlier because we needed to talk about markets. 1244 01:06:00,880 --> 01:06:03,600 That's at length. Yeah, it's definitely the same 1245 01:06:03,600 --> 01:06:04,240 playbook. It's true. 1246 01:06:04,240 --> 01:06:06,640 Every Sunday's massive sell off, Someone just shared a thread, a 1247 01:06:08,240 --> 01:06:10,400 chart under my under a show post. 1248 01:06:10,680 --> 01:06:12,960 ANYWAYS, it's funny. All right, well, look, everyone, 1249 01:06:13,040 --> 01:06:14,680 preserve your capital, stay smart. 1250 01:06:15,000 --> 01:06:17,320 Don't just go all all into the market just because you know, 1251 01:06:17,320 --> 01:06:19,760 you get excited about seeing Bitcoin above 100K later today. 1252 01:06:20,400 --> 01:06:23,000 Be smart about it because we're probably in a good smack back 1253 01:06:23,000 --> 01:06:27,880 down to 92 K on Sunday anyways, so so we'll see what happens 1254 01:06:27,880 --> 01:06:31,120 anyways with that with that with that, we'll see you tomorrow 1255 01:06:31,120 --> 01:06:33,680 morning, 10:00 AM Eastern Standard Time for another 1256 01:06:33,680 --> 01:06:35,760 episode of formal. We're on rug radio. 1257 01:06:36,240 --> 01:06:36,760 Let's go.